Time to load up on gold and silver?

I purchased gold and silver in the early 2000’s as it was evident that a huge bubble was building and we were long over due for a Major Market collapse. This helped in positioning me for a 150% profit. I have both physical and ETF’s equaling about 15% of my net worth. Would I buy more ? You bet. Gold and Silver have a long ways to go and this current correction is a good time to do just that.

I have been following larry and the rest of the ‘Wise Guys’ (not a spelling mistake) for years now and it helped me get out of the market just before the latest crash. I have also been buying gold bullion and gold and mining stocks (and sometimes selling on a pullback) since the $350.00 level. Also recently bought silver ETF. And the reasons larry Edelson and Sean Broferick are so bullish long term on gold and other metals and commodities make a lot of sense to me. In addition, as many other investors, I have lost faith in Government and especially Wall street and the so called experts and financial advisors, as it seems too many are either incompetent or only after making money for themselves or both.
I have 20% in bullion, 40%cash, 20% ETF’s and 20% mining stocks, and various options on recco’s that make sense to me.
I like to buy more on pullbacks but are hesitant as there are so many naysayers, creating some doubt about the right moves and I do’nt want to put too many eggs in the same basket.
I suppose I will keep studying and learning and reading and act as things change.
Favorites? Have to be Gold, silver but mostly all the REAL stuff, the things we all need, food, water, energy, security.
Certainly longer term i have done well following the ‘weiss advise’, although the Options appear to take up a lot of time and although they can pay off big time, the losers or expiries make me feel it is not worth it in the end.
It does get exciting though when it moves your way!
Cheers, T.B

My main metals investment has been SLV and SVM. Bought SLV from about 12 to 14, then got out about 17.20. Watched it run to to 19, so got in again about 17.10, then watched it run up to about 18.5–and I’m still holding. Purchased SVM from about 3 to 4.27 and got out at an average of 4.70, then watched as it went to 8! Started buying back in the last few days at an average of 5.55. Looks like I’m way to early in buying back.

It looks to me like the metals are following the dollar index quite closely–in reverse. From a purely technical basis it looks to me like the dollar index is headed for 82+ in the next few weeks. There maybe a quick move down to about 78.5 next week, then continue on up.

If SVM can rally to about 6 next week then go down again, I’d look for support just below today’s low at about 5.13, but if 4.90 is broken the next level is in the 4.40 to 4.50 area. Similarly, if SLV can go to 17+ next week then go down again, I’d expect it will go down to about 14.50.

I am gold positive, and have been so since 1999. However, George Soros believes gold is in a bubble, but Jim Sinclair says that the dollar is doomed, and gold will emerge as the ultimate winner. Soros is a shrewed dude, and has made numerous correct calls in the past, but I think I’ll go with Sinclair on this one. The dollar doesn’t logically seem to be a safe haven this time. Too much Fed money printing….and as long as the velocity of money expands, inflation will also expand. However money velocity so far hasn’t increased. If banks begin to lend, velocity of money will expand. I’m betting that banks will begin to lend money at a decent level. I can’t buy Prechter’s deflation pronouncements at this time. He’s been wrong for years. I hope I’m correct….I have a huge bet on PM stocks.

I believe you should have already loaded up on gold and silver. In case you missed it, the time to load up was from Nov 08 through March 09, But if you missed that chance, yes the next couple of weeks would be a fair time to start purchasing those metals, if gold retraces to the $950.00 level, thats the time to LOAD up, but thats a long way off right now, might not even be obtainable? So modest buying is what I would reccomend. We may visit the $1050.00 later this week into next week.We will have to see what happens at that point, but buying the metals is insurance and should be bought when ever you can afford to buy more. We are along way from a bubble top. that is years out, in my opinion. The dollar will proably rally for longer than most people will think. I feel this will be bringing down our gold price and silver with it. So be patient. Remember our relations are deteriorating in Japan, North Korea, and China, among other country’s. The american people can be lied too and taken advantage of, but China and Japan will not be miss lead as the american people have been mislead. Isreal is growing impatient with Iran, and sooner than you think there may be serious problems in the world as we know it today? Better have some gold and silver for such an event.

I feel this is the time to invest in Gold.

My concern:

Whenever the subscribers are asked for their input, it is a signal to me that the analyist is ready to reverse position.

Case in point, Martin Weiss did this a short while ago.

I have about 40% of my investable assets (non-real estate/farm/timber property) in Gold and Foreign Currencies (Mostly Swiss Francs) through Everbank. I am buying gold again now as the market price goes lower, but I am buying in small quantities of about 10 ounces at a time to avoid getting bitten by a price run-up overnight.

Getting close. I would feel very comfortable at the $1000 level.

silver and gold bullion if i played the stock market i would buy oil and naturel gas

You must own physical precious metals, currencies are in a race to the bottom. What paper money I have will be invested in PM and oil stocks in canadian dollars once the current US dollar rally is ended.

Larry,

I’ve just taken a real beating holding on to some silver futures. Your info doesn’t usually cover silver and it has really tanked. I can’t help think that J.P. Morgan is trying to get out of their huge short position before the regulators get serious. …yes, I know I should have put some tight stops in place while it was in the 18’s. I’m anxious to know when to get back in (more safely this time) when you feel that it has bottomed.

I can see why.

Larry,
I think we should not load on gold;US dollar will get stronger;See your R W Report of September.2009, we going to May.2010 Major Low Down.

Thank you,
Atanas

as is.

I wanted be surprised if the dollar gets up to 82 or 83 and if that happens gold may test a 1000. that would be the time to load up.

Ive been reading up about gold and silver recently and figured two things out in layman terms - with the world economies going through turmoil, owning gold would not only be a safe bet but also one that promises higher growth than other investment avenues; and secondly the long proven ratio of 15:1 between gold and silver prices has been shot over to around 60:1 currently so we should expect silver to do even better than gold. Besides, limited availability and increasing applications and uses of both metals make them fundamentally good investment avenues anyway.
Awaiting your comments and suggestions!

Looks like gold has broken support at 1082 and could fall down to the 1025 area. I sold part of my positins in gold and silver etfs but still holding physical gold and silver from the 8060 - 950 range. I will start buying at 1025, I think.

I feel gold might drop a little more before it takes off. Silver might do better in the near future. Love platinum and like palladium, so will probably dip my toe in soon.

I have a few stocks from S. Korea and India. I have a few bank stocks that I’m quickly getting out of. I have some of ProShares. A little over 50% is invested in Gold. I plan to add as much as I can in Silver but plan to purchase physical silver and junk coins. There is simply no way this country’s debt is sustainable and I want to be invested in something tangible, not smoke and mirrors.

Gold is right near the bottom of it’s uptrend channel that has been in place since August, 2008. I believe right now is a buying opportunity.

I prefer silver rather rhan gold because it’s less expensive and supposedly the silver mines are all tapped out, making it potentially more valuable based on the amount of silver used as contacts in electronic equipment.
When it’s gone, something else will have to be used.

i have 27 ounces of gold coins and about 30 rolls of silver rounds. how long before it starts back up.
how come with our debts and no body want the us dollar, how can the usa dollar be going up.

thanks dave

I meant to say I need to see USD turning down before investing in Gold/Silver stocks in my previous post. There was no way to edit it…

It seems to me that silver in the $15 range is a screaming buy, do you agree?

I have a significant amount of both gold and silver; what is your best recommendation as to what, or where is the best place/way to maximize my investment?
I trust that this site, information is/has been secure

Gold is too rich for my blood - I have been buying (and occasionaly selling some) silver for the past 30 years. I have earned quite a tidy sum doing so.
It is a much better buy than gold as there is less of it to ga around in commercial circles.
Thanks for your timely advice - stay with it Pete

Late last year I was almost 30% in gold and silver. Sold down to 10% taking substantial profits. Getting back in again as some of my favorite stocks like GG are down 20%+ from their highs.

My entire portfolio is in physical gold and silver. I’m hoping for the China gold rush.

There are some good high dividend fixed income ETFs if one can stomach the price fluctuations

Larry,

In precious metals I like silver timing is important.

Yhank you

bob Perri

Sure do appreciate your posts and follow-ups Larry. I like Tony’s too, but would especially appreciate his following up on earlier recos, eg, CBAK, HHILY, others.

I wouldn’t say that this is THE time to load up on silver and gold, but for a long-term investor, its as good as any. I have 20% of my portfolio in gold and silver coins plus a couple thousand shares of IAG a premier gold mining stock. With the “Messiah” in the white house and Bernanke printing money with nothing to back it, we could do worse.

I have an advantage over most people because I am a numismatist (coin collector) for over 30 yrs. which gives me an advantage when comes to buying gold and silver. I have gold bullion, silver rounds, semi-numismatic, and numismatic coins. I do believe that gold is the ultimate real money. Just my coin collection alone without the silver rounds has gone up faster than my stocks. I have about 50% in coins and 50% in stocks. The coins I have are the higher grade which commands higher prices. I am currently buying modern gold and platinum coins. Mostly gold with about 1/4 to 1/2 ounce in each coin. I just attended a online auction and won the bid.

I believe that now is an excellent time to consider the purchase of gold and silver although I believe that it will dip further and I would stagger my purchases with that in mind.

Yes, I think we now have another good buying opportunity in gold and silver. I like both, maybe silver
better. Platinum and palladium are not moneymetals. I will stay away from them. I will soon want to
purchase some good gold and silver mining shares. I have plenty of cash on the sideline and am ready to allocate some to gold/silver stocks. I listen to your Thursday commentary religiously. Hope
to get a buy signal from you soon. I will be watching several goldshare stock moving averages as well.
Thanks for your expertise and good advice.

I have physical gold and silver. My preference is to silver because of increased demand, both privately and industrially, and also because of 15 straight years of production falling short of demand. I like silver eagles both for recognition and guarantee of purity. This current pullback is simply a buying oppurtunity, the calm before the storm if you will. Inflation in the grocery store ,conveniantly left out of gov’t calculations, has already begun and, I believe, will soon spread through the rest of the economy. Survival will soon be taken far more seriously by the mainstream media.

Interested in gold and silver. willy

I bought two reccommended stock this week that I was stopped out of - CEO and JOYG. I feel like I’m just spinning my wheels and giving my money away!

According to your recommendation I loaded myself with gold. Now what?

I do agree it’s time to load up on Gold! If you’ve been following Larry or Sean for any length of time you should fully realize that they’ve been extremely accurate with their forecasts. I started buying their recommendations - mainly gold stocks 5 years ago and it’s been a great ride. I agree with Larry that Gold’s run up is a long way from being over. There are so many forces at work which will push Gold much higher in the next 12-36 months…. Congrats and thanks Helicopter Ben! That’s why I welcome every pullback as a buying opportunity. It’s exciting to watch!

I am in GNMA which holds 2.5 year durations. I am not in long term Treasuries at all!!

I am currently about 20% in gold ETF and miners, 7% in silver ETF and miners and would like to add more to my position when you announce it’s time to invest again in gold and silver. I think silver will have a higher return this year if china and emerging markets continue to grow in their GDP.

Larry-
Am impressed with your interpretation of cycles. Wish I’d paid closer attention in March to your recommendations on the stock market. I did pay attention to your recommendations for gold investments, so I have about 10% invested split between gold mutual funds, stocks and GLD ETF.
Took some profits, selling my GDX ETF as this correction started. Plan to buy more gold and silver as this correction unfolds. I look forward to your Uncommon Wisdom updates, they help me realize when I’m on track.

To me it seems that yes we the people tend to shy away from anything that our government will have some kind of hold/control over ex. bonds etc. due to the fact that our currency value keeps dropping so by natural instinct we want to have things of value that we can actually see and use like the vehicle you stated. Also the other most important ones to us would naturally be gold, silver, and platinum. I feel if anything will increase in value it will be precious metals and I sure hope our country has a whole lot of it to keep afloat in this crazy economy worldwide we are mixed up in. I know it it’s a crazy idea but wouldn’t be easier and simpler to forget about all the import business and just work for ours I mean we do grow, dig or make just about everything we need don’t we? I know that will never happen in my life time or yours or maybve even ever but I believe it is possible and might just stop all these world problems(war) we are into so much and save some precious lives which is the most valuable thing we own or kinda own. Keep everything we produce etc. HERE IN U.S.A. and let everyone fend for themselves…..
Anyway this is my opinion and my opinion only and I am glad I can express it, thank you for that chance.

Virginia Garcia

Half gold and silver and half Canadian cash.

i like gold and silver

I like Master Linited Partnerships. They offer the opportunity to grow like stocks and provide hight dividends. Currently my portfolio is about 35% in this area. They might be a little risky, however many of them are in energy transportation, ie pipelines and no matter what, you have to transport the gas or oil from one place to another. They get a cut on every barrel.

Chris Anthaume

Dear Larry,
I am guilty to say that I have followed your editorial for quite some time now, and could not do “anything about it” in the way to follow your advise in investing because of my dire situation. I am
not asking for sympathy, believe it…. I am just an architect, retired because of some very serious health problems I’ve had since 1992 (3 serious cancers), the last of which almost took my life away, (until as recently as 2006)… I lost all my business back East because of it and also because of other circumstances. In brief I lost practically all my income and live now on a meager social security income. Let’s keep at that without anything further to say…I managed however to buy a little amount of gold and siver and want to modestly continue to do so every months. What would you advise me to do!!! Thanks , SJL.

With the recent strength in the dollar and growing uncertainty with China, I feel that both gold and silver will retreat from present levels. I have not followed either platinum or palladium - maybe I should. I will probably take positions in both gold and silver when I see them forming a sustainable base. I feel that both have significant upside potential.

I believe that gold will drop to $985 or lower in the short term due to the value of the dollar going up. I am currently 20% in gold and silver and if gold hits this mark I will add another 5 to 10%. This is definetly a buying opportunity.

Is this the time to load up on gold, silver and other precious metals … or not? Why?
Physical Silver in one OZ. bars - it can be used to purchase necessities when the you know what actually hits the fan sometime in the next 18 months.
How much of your portfolio have you invested?
25%
Do you plan to buy more in the months ahead?
No, I am researching good Gold and Silver mining company stocks. When I purchase them I will take position of the actual shares.

Hi Larry…i,m currently on the sideline except a couple of inverse etf,s…i think the dollar now is affecting the markets adversely…when that changes,and the dollar rolls over , i’ll probably go heavy
into quality junior gold and silver mines…..but that may be a while.. thank you Lothar

Hello Larry,
I love Your Emails! I’m very limited in Finances so I really like Silver as my main Investment. Any kind
of Paper including Stocks,Bonds Etc. Scares me! The way things are going with our Government is
Crazy! I’m a Studying Constitutionalist! And I see A Terrible Storm Brewing! Yet we as a Patriot must
continue to Defend Our Rights. Education is I feel the Only way we can reach the People! Other then
All out Revolution! We Have to Save Free Enterprise,Save Free Capitalism! And Stop this Socialism
Movement. God Bless And Thanks Again! Sincerely,John Rainger. ( The Fiat Money has to Stop.)

It must be time to load up on gold and silver, because I am already loaded and fearful. These are two great buy signals. Also, many are calling a top in gold, another great buy signal.

Last week I sold most of my oil , utilities, agriculture, dollar short., and some mining. Made a good return, and have saved from the sale since. Buying gold and silver since has not been a good idea.
What to do? wait for 950?

I’m watching UUP ($ up) very closely. The five day graph, RSI, and MACD look like they are trying to turn over. It may well be time to buy physical gold and silver. However, my big investment has been made — now I’ll just add to my position when I think it is time. I’m in no hurry. The dollar is about the only place many countries have to invest as their own Fiat Currency is worse off than ours. The dollar may go up some more. Larry’s long term $ forecast is right. I feel that physical gold is your stash. Silver (trash — pre 63) is what you will use to buy groceries and survive.

BTW — each of us should be paying close attention to what Richard Russell is saying about today’s market. Be very careful.

rockhound2

I bought 1665 ounces of gold in april 04 at $421 spot I think gold is poised for a major upswing after we get thru this correction. How people can put their money in the US dollar is beyond me.
When people finally wake up and realize the dollar is in trouble it will be too late.

The market has to go thru a correction before REAL recovery to get $ out of bad investments.Deflation seems more likely BEFORE inflation..no? Keynsian vs Austrian economic theory, inflation vs deftion… Worries me the sentiment is so complacent. Not a time to buy gold or stocks until S&P 1020 or below? Though some value plays like BRK.B seem strong?

Gold stocks are VERY oversold, and in support areas. I am just waiting for signs of a bottom for at least a good rally. And of course, longer term, you must own gold.

It looks like what they’ve been calling a “sucker’s rally” is finally over!

I have used all of my finances for investing already in Gold and Oil and have lost. Do I get out of these stocks and take the loss and reinvest or hold on until they come back up and will they come back shortly or not at all to where they were in the past year? Do things look like they will get worse before getting better and I will have to hang on for a couple of years for these stocks to come back?

I do plan to move very aggressively once I believe gold has hit its near term bottom which Larry spelled out in Real Wealth.

I think that now may be a time to lightly purchase gold mining shares such as KGC and maybe Paas. For example; since I am interested in purchasing these two stocks I would first buy 1 deep in the money KGC call option and 1 deep in the money Paas call option. This way if a rally in gold and silver takes off suddenly as is possible in this existing volatile enviroment I would be positioned for it.At the moment the US dollar is very strong ( I already have positions in UUP call options and began winding part of these positions down at a small profit) I have also lightly purchased a deep in the money call option KGC $14 Sept. 2010. If the dollar drops in value which I am sure it will eventually and maybe very soon, then I will position my portfolio with more commitment to gold, silver and oil stocks. However, at this time I am only lightly invested in these investments but watching the market closely.

I have some gold, little silver also Ira’s a few Cds and a annuity that pays some very good interest. but no bonds they don’t pay enough. not sure which way to jump.

Hellow Larry,
I also appreciate your emails.I am invested i pc metals ,primarily silver .Do you think one is better than the other ,speaking of gold or silver going foward..Right now I am invested in silver.I keep missing the ups and downs of the metals.I like your advise,but I need you or someone else to give me closer alerts.I am willing to pay for a subscription.Can and will you help me?Also,is silver going to drop much more?Also would you recommend stocks by the letters AENY and JYHW?Thanks!!!!

Looks like you were wrong on silver you said it was going to $22, however it has tanked to less than $16. Is it a buying opportunity or get out time on any strength. If we are in a deflationary environment like many people think its going lower as the dollar goes higher. Dont know whether to buy more at these levels or cut my losses.

What with currencies in the toilet, Bonds are very risky, and market volitality everywhere, I like Precious metals and some preferred dow stocks. My trading account is inactive due to unpredictable stocks/sectors/exchanges.

What part of “I don’t trust any opinoin” is unclear?

loading up on precious metals,,, ABSOLUTELY,, one can really ever call tops or bottoms,, some of us can do it within 10 percent or so ?? ,, but yes, i have or “will” have approximately 25 percent of my self managed IRA in gold options, and junior miners specializing in Gold, Solver, Copper & Molybdenum… in the weeks to come i’ll be cashing out of one or 2 of the most beaten up banks, and then moving a larger percentage in to the “juniors” and silver,, hopefully it serves me well

my professional guess is the dow will slide down around 9800 and gold will slide with it long time to get to the top quick slide down watching very closley though rby hl and a possible mfgd trgd bob

I think gold and silver both held above support at $1075 and $16.00 this week, and these will be the lows.I currently hold about 60% mining stocks, 10% misc stocks and 30% cash. No way would I buy any treasury or municipal bonds.

According to my charts the USD is in a strong up trend. While the dollar is up commodities like Gold and Siver will continue to go down. Until gold and silver cross the 50/200 day MACD line its not a buy. I just buy physical silver on the dips.

Larry

Gold is a tough call right now. It seems that ever since gold was available through an ETF it trades in line with the DOW rather than inversely as it has done in the past. I think if you purchase physical gold right now you should be in good shape, but I would not be surprised if physical gold trades at a hefty premium compared with “paper” gold (GLD).

I’m betting on Canadian Energy Trusts and similar dividend stocks. I’m hoping we will see a good increase in investers in these stocks as summer approaches since this is when oil consumption ramps up. I’m a little nervous about long term due to the large number of option ARM and alt-A resets in the fall and the state of the commercial loan market. I’m hoping to lock in some gains in early summer and wait and see what happens in the fall.

MY FIRST PICK IS SILVER BECAUSE I BELIEVE THE SILVER RATIO WILL COME MORE IN LINE WITH GOLD.& ENERGY STOCKS. RIGHT NOW I AM SELLING SHORT TERM PUTS THAT I BELIEVE ARE GOOD STOCKS. I ALSO LIKE TO BUY LEAP CALLS. THE OPTION ROUTE APPEARS TO BE THE LEAST INVESTMENT WITH THE MOST REWARD.

I hold both all four of the metals you mentioned in coin form. I also own ETF;s in gold, silver and platinum. I believe it is time to own all of these metals. I am not so eager about palladium since it seems to only surpass platinum when the miners strike the platinum mines. Most eager about gold.

I believe the present full value of AU is ~ $1,040/oz, just what India paid. The powers that be will prop up the US $ short term, but longer term, even 18 months out…AU will climb again. Has to. Print, print, print. The US federal govt is on a spending run away beyond any historical comparison.

If/when AU gets up above the $1,500/oz….. this will push many smaller budget precious metals buyers into silver. AG should price climb rapidly at that point…. and catch up to it’s tradtional AU/AG ratios. Buy gold below $1,000. If you can buy a silver American Eagle below $20, what’s the matter with that?

WAITING FOR THE FUTURE YOU KNOW IS NEAR…..WITH OUR DOLLARS…..WITH THE UP AND DOWN OF THE MARKETS EVEN THOUGH YOU HAVE INVESTED IN GOLD, SILVER,ENERGY, AND
HAVE SMALL PURCHASE OF GOLD COINS…….IS THE BEST I CAN DO AT THE MOMENT.WITH THE LIMITS OF RESERVE DOLLARS I FEEL IS NECESSARY.

I have put one third of my money in gold and silver where else do you suggest I put money,I am afraid of the dollar.

HAVE BEEN INVESTED IN GOLD AND SILVER SINCE THE MID 60S. THESE ARE DAYS OF JAMES DINE AND EARLY DAYS OF HARRY SCHULTZ AS WELL AS VERN MEYERS AND MANY OTHERS.
HAVE NOT BEEN INVOLVED IN STOCKS FOR YEARS . I AM A HARD CORE GOLD AND SILVER ADVOCATE AND BELIEVE IN IT AS THE BASIS OF PRINTING MONEY. HATE KEYNES AND LOVE VON MISES. FRANZ PICK AND OTHERS WHO HAVE TRIED TO EDUCATE US. HATE THE FEDERAL RESERVE. FAVORITE BOOK IS “FIAT MONEY INFLATION MONEY IN FRANCE”

With the down market in Real Estate due to Short Sales and Foreclosures, it is a good time to capitalize to take advantage of the tradgedies facing the many. Rather than thinking about it as profiting on someone elses misseries, it does seem to help many suffer LESS than if you didn’t participate. As to currency, the greatest opportunity to make big bucks is in the metals—if you can weather the rather precipitous drops happening to gold, and enter your portfolio in a steady dollar averaging method until it really does reach a bottom–no way to go but up! Where is that? Well, it certainly is not down to $275/oz. How can the value of gold be steadily going down if the dollar is supposedly weakening day by day? It is obvious that the Biblical saying of “He who has, GETS—and he who has LITTLE, even that which he has is taken away!!” (A rough quote) But it is evident that gold has knocked out most of the secure stops of all but the deepest pockets—leaving deep pockets to pick up the majority of gold at bargain prices. I decided to try Forex practice plan where they give you $50,000 to start with (a fairly nice imaginary nestegg).
I was very conservative to begin with and made $3500. the first day or two before gold–instead of increasing to $1500/oz fell from about $1175/oz to $1125 which is where dumb me thought that might be the bottom! No, I started adding gradually from $1115 on down to $1070 and I still have reserve to buy gold if it goes lower. Thank goodness, it’s Monopoly Money and I don’t ever sell until my accumulation is going to come when it all goes up to $1500+. Only one problem though, like a lot of commodity options, I only have a few days left till my 30 day practice wad runs out! The deep pockets have won again!!!!
Richard

Larry, I believe that our currency will fail because our economy has failed and we as a nation are completely bankrupt and living on credit.
That leaves me with few choices for economic (and physical) survival.
First, I must secure a means to escape this country or live in a place within it that is going to be safe from the scavenging hordes without food, water, work, or means to escape.
I prefer to live in another country. One that uses a sound currency based on resource wealth.
As for investing in American stocks and other assets, well, they are mostly denominated in dollars.
I do not want to be in dollars the day that the dollar fails.
So, I am investing in foreign and sound enterprizes.
I seek income and safety. I seek a place that is worthy as a place to live and invest.

I love America. But
I plan on surviving the day of reckoning that is coming.
Our government thinks it can be avoided or delayed or bought off.
Our debts are just too great and our means too small.
Therefore, I plan to have a medium of exchange that will work after the dollar fails (and half the world
with itl). And a way to protect that gold. I plan to have food and water ready for that day.

I do not like thinking like this. It is giving up on America. I know.
But, from what I have seen and see, America has NO chance of ever becoming solvent again.
I did not make or approve of these enormous debts and feel no responsibility to pay them off. ..Nor do I have the means to anyway.
So, when one is up agaist a foe that is too big and too dangerous to fight there are only two choices…
Fall back or Die.
It sounds cowardly. But why would I go over the cliff with all the other cattle just because I to not wish to look bad?
Gold, Guns, Food, Water…And an exit plan. What is your plan?
Aloha, Tom B.

Hi Larry I bought silver eagles at 12.00 per oz I have corporation bonds GE FORD GM and bric fund J P MORGENBOND ANDWELLS FARGO ONE MUNI

Hi Larry, currently have 40% stocks, of which is split 8/32, International/large cap respectively and from your rec-co’s probably will progress to more International weight …… hedge funds 11% that includes 10 ozs. small bars and 21 ozs. GLD ETF ….. bonds are mixed short term, long/intermediate and multi-sector fixed that totals 30%. Hold some reservations about government confiscation of assets even considering the 28% capital gains tax. They privatize profits but socialize debts … While we are no longer on the Gold standard do you feel they might? With Ben’s propensity to print whenever, and central banks diversifiying into Gold, could this be a double play on Gold? Is it why Gold, the Fed is holding in New York is only valued at $44.00/oz.? I doubt the people of this Republic would be as naive as they were in 1933 …. I do not feel this government wants mass resistance or an escalation of domestic violence that confiscation surely would trigger and they probably will get anyway, if unemployment rises to Depression-era numbers! While aware of your comments that they don’t have to confiscate, I have to admit I would not put it passed this administration. Cash is 1/3 total …. Balanced represents 16%. Just today executed two of your more recent re-co’s, 200 shares NGD and 500 shares DPTR.

I am truly concerned that IRAs, 401(k)s and other retirement accounts will soon be ravaged by a bankrupt government that thinks we work for it. I see oppressive, wealth-robbing thievery on the horizon: means testing to tax Roth IRA distributions, a mandatory percentage of government bonds in retirement accounts, and even higher income taxes based on how well your retirement account grows in a tax year.

I have quit making 401(k) contributions, even though my employer reinstituted its match, and just take the taxed income to buy precious metals and to spend to help my extended family. (They’re struggling even now and don’t even see the potential danger on the horizon. I love them and feel obligated to help, but I pray they don’t take me down with them. Or move in!) My main choice in precious metals, given the way I now see things, is silver — coins, rounds and bars. Silver is the cheapest per ounce, thus, it’s the most affordable and will probably appreciate comfortably based on that affordability.

Larry,
1 - I think the Precious metals have another week to 10 days of downward movement before the bottom of this trend.
2 - about 75% of my portfolio is in Precious metals. Primarily Silver Hecla Stocks and options. I will not buy more because of 3- below..
3 - My Favorite is Silver with the most likely growth.( Hecla has a 2 month cycle which I was afraid to trust). Sooooo - I have lost a good deal of value in the last downturn but am holding all postions expecting a reverse in the trend.
What are yoyur feelings re above .
Good luck to both of us.
Johnmurphy@zoominternet.net

The time to buy will come soon. Waiting for spot Gold to drop to $1010-1050.

Have 30% of Portfolio in Gold and Silver Bullions ETF (t.cgl.un and t.svr.un). It is a lot!

Plan to increase to 40% to include major miners(t.xma) and Platinum.

Order of preference: Gold, Silver, Platinum

Hope you are right, Larry! No pressure intended; this was my decision as last year I did not know where to put my money. That is how I came to the precious metal markets.

Although I currently have 15 to 20% in global bond funds, 30% in oil/gas related equities, precious metals related equities and etf’s and potash. I have since the mid 90’s been acquiring physical precious metals, which although part of my overall portfolio I consider separate from my investment resources. It’s just my mindset. Since September I went to around 50% cash awaiting what I believe would be a pull back. I look to place those cash assets back into equities in both precious metal equities and oil and gas related equities when I see prices I like. Hope to keep at least 10% in cash for a major pull back.
In short, Oil and gold is where the market will shine in 2010. Once the Dow/Gold ratio gets into low single digits, I will be looking elsewhere. Oil will only go up from this point, too much global demand that is growing combined with declining resources. Oil will top gold or anything else from 2011 on.

During the past few months, I have been working towards accumulating a target of 50% in physical gold & silver (mostly coins). I know that there is a premium on coins, but I want to take physical possession of the metals and take comfort in the fact that I have “Real Money” to spend when our fiat money collapses. I have recently stopped out on my gold & silver ETF’s , and mining stocks. I’m waiting for a good reentry point. I had tight 10% stops on them. The rest of my portfolio is primarily invested in BRIC securities (ETF’s and other misc. index funds).

In addition to gold and silver in ounce rounds and coins I have diversified into scrap coinage(,900 fine US silver coins) so I will be able to make change when I get handed a one ounce piece(when folks won’t take your dollars a few .45 rounds will be the new change!). I read that during the gold rush in SF folks paid as much as 20% to cash a $50 coin. also collectibles make a nice way to hold silver. antique silverware (pitchers,coffee pots, etc ) go for slight premiums to metal at melt and have use and contribute to domestic tranquility! Learning to speak gold ,gunz,barter, and geometry will all contribute to surviving the coming economic distortions being played out by the idiots running the banking systems and the IMF. Lately friends are learning the value of metal investment and buying lots of lead and brass. With the food system in Amerika based on a 3 day cushion before the shelves go empty having food stored like some religious sects advise may be the best investment of all! Next best ,buy your own island!

George here, Larry. How much of a move up to you expect for gold in 2010?

i own 200 shares SLV and comptemptlating a utility paying 5% dividend

The question regarding gold and silver is I believe is primarily this- can we sustain what we have been doing? Can we continue to live in 5000 sq. ft. homes, maintain the worlds highest medical costs, dive over sized SUVs and continue to run high (ie actual 17%) unemployment?

I visited my local gold and silver deal recently and they were extremely busy.

Larry, I am buying the dips slowly, bullion, miners, juniors adding on each fall. Hopefully $1070.00 will hold, we saw 2 attempts to break thru, Thursday and Friday. If it breaks, I will back up the truck around $980.00.

I sold my all my holdings on 01/12/10.I don’t like the risk to reward the market is showing me.There is to much negative news coming out of europe and china.I”m in the market to make money,when I’m ahead,and I do not like the market environment,I sell.To me,holding stocks in this day and age for the long term,or,thinking the market is going to come back from a decline,so,I’m just going to hold on, is a suckers bet.Don’t forget,playing the markets is a gamble.That is why, ‘markets’, are known as,”THE BIG CASINO.”

Larry, when the charts signal the reversal of this correction in the gold bull market, that would be the time to re-enter it on the long side. This will be preceded by reversal of recent correction in US Dollar Index bear market. This has not yet happened, therefore,the time to reload on gold and/or silver has not arrived yet.
Regards, Anthony.

Larry, I just covered my short position in Gold with a decent profit… I may be a little too
early but I expect a correction in Gold very soon … I may even get long for a few days
while I’m waiting for the down draught to resume !!! I sold my dollars also expecting
a short term correction before it resumes it’s bull run…Don’t expect much time lapse
in this correction !!! For the long term I’ll be mostly short all except the Dollar. Seeing
as how stocks and commodities around the world have a lots of shrinking to do !!!
Of course, there will always be issues here and there that will have short term bullish
potential… I’ll take advantage of those also as they come under my radar scope !!!
I think around 2014-15 we could see another bull market on the horizon !!!
I’m routing for you guys down in the swamps, I hope you trade wisely !!!
As always Dr Rich

Right now I’m in A rated bank money market funds (took 9 banks at max joint account FDIC protection) but as we move closer to a total melt down of all assets I will move to all cash (as in green backs). Once Gold goes below $700 or so I will consider buying it if it stabilizes. I think you should consider the deflation thats coming at us before you start to worry about inflation. Just like the dollar that wouldn’t go beyond 78.50 it is now up to 79.47 as I write this.

It’s imperative that individuals protect themselves against the government-caused erosion of the value of the dollar. What’s the loss in the value of the dollar since the Federal Reserve was created? 90+%? I’ll take gold, silver, wheat, sugar, oil, land - anything of real value, rather than paper.

dear sir, i believe in phsical possession of gold, and i like to have it, i had bought some at 1250, now it has come down to 1082, i am wondering if it will go further down, or should i go ahead and buy some today, plz advise

I’m recently unemployed, taking advantage of government largess. But the little I have is in Gold, Silver, and inverse ETF’s on the Dow. Recognizing all the cycle work to date, I think we are hearing the creaking and cracking of the foundation of the bounce. I expect further, signifiant correction in the Dow; maybe not the March lows, but it’ll pass that sooner than we think. The cycle theory has shown the proof over the long run; it doesn’t time the tops and bottoms, I think the 30’s bear bounce is done. That’s my speculative trade. The metals are for round 2, which will be a bit negative with the rush to dollars when the bounce down speeds up which will move most commodities down and the dollar up, but I’ll never sell those holdings (bullion and ETF’s). The metals are the last car in the train as the Fed barrels into the wall. The last car is usually the safest place to be. At least you walk out alive with only a few scratches and bruises. Stocks/equities are in the plush car, behind the loco and tender!

Gold is going up because of new industrial use.
Can’t Paste Photo but

So, it seems that this “global recession” has not impacted negatively on everyone.
Check this out!
It’s a Mercedes Benz owned by an Abu Dhabi oil billionaire (naturally).

Featuring the newly developed V10 quad turbo with 1,600 horsepower and 2800nm of torque
0-100km/h in less than 2secs, 1/4 mile in 6.89 secs running on biofuel.

That is NOT a stainless steel body, people, it is WHITE GOLD!

Gentlemen, you bet I’m buying quality gold stocks right now (and options) and precious metals index funds. Buying a bit more each week as I can afford, but not getting overly excited. Am putting in lower limit orders and most are getting filled. I don’t buy on margin though!

10% of portfolio in GLD; 5% in metal

Hi Larry, I have two accts.. One is almost all Gold & Combination Metal Mines which I have been holding for quit some time and bought low. It is lossing but not as bad as my IRA which is holding a lot of Gold, Silver, Energy, Oil and Gas , Asian commodities, water, food,education, technology stocks. A lot of Options which I am praying will soon come UP. I currently have no more finances to invest. I don’t know what to sell. I also have two mutual funds which are going no where. PLEASE HELP, Getting FRUSTRATED.

palladium is what i think will fly

Wait til gold & silver stop falling in price and then buy more.

I am investing 6% directly in GLD plus some in gold stocks; plus 10% in SLV. This may be a little high but I am sure the value of the dollar will decrease over time.

Larry, I think I will wait to see if this correction goes lower. If it does I will definitely load up on gold and silver. There is one area I would like you to investigate though. I keep hearing about rare earth minerals like Iridium that are necessary for all modern electronics. If this is so, how do we get into this area. I really think this might be an important investment for the future.
Thanks

I own GLD, SLV and the Tocqueville Gold fund. I believe that gold and silver will rise, but I am waiting for a pullback before I add to my holdings. I still feel very confident about the long term potential for these precious metals.

se3lling gold buying sliver waiting tobuy around end feb 1 march

I Plan to buy more gold & silver after they drop further.

Hi Larry,

I think that if you are accumulating for the long term you could average into PM stocks and the metals at current prices. I do think that the precious metals will go lower from here and possibly test $1000 or even $950,however, that would be the extent of the downside( a hell of a buying opportunity there) and would give the dollar rally time to burn itself out. The dollar rally is happening because for the moment the dollar is the best of the worst until it isnt…this rally does not have real legs. It is rallying as the bullish percentage on the dollar was the inverse of gold’s at the low it was 3% bulls and now it seems at least everywhere I read that the trade is long dollar short gold…and I mean it is everywhere and everyone and their borther\sister is doing that trade now, while the vast majority of the public is in treasuries(the next bubble to burst ). I do think we are closer to a bottom than a top in the precious metals at this point for a variety of factors: 1) the media coverage of the precious metals has fallen off the radar, 2) the $BPGDM (S&P bullish percentage precious metals) has reached a level at which bottoms tend to form(this is not to say it cant’t go lower but the downside is far less than before) and it has come all the way down from an extreme bullish reading(80+) to a very bearish reading(22 today)(which is bullish for PMs). 3) Helicopter Ben will not be able to raise rates if the economy is tanking and will be forced to choose between softening the blow(with rates near zero it will have to be some creative quantitative easing) or defending the dollar.(It is allso possible that the dollar rally is being engineered right now so they can quantitatively ease with out raising rates and allow the dollar to fall back down towards the 70ish floor)..Me thinks based upon past action and the fact that it is an election year Ol’ Ben will try to save the economy…they won’t cal it quantitative easing but it will be something creative like that to pump up the money supply rather than kill the economy by raising rates to defend the dollar 4) The dollar has rallied along with gold in the last decade so that is possible. 5) PM stocks rallied during the meltdown in 2001 so that too is possible now. 6) Obama and his spending freeze don’t even go in effect until next year and even then it won’t be a true freeze he and his team can’t help but spend on the great society 7) China, the BRIC countries and others will continue to accumulate gold as they can see what is happening. 6) China whose managed economy is being slowed will be slowed to a more moderate growth rate and demand for gold and other commodities will continue to increase. 7) the mining output for gold and silver will be down again(yes 2009 there was a slight uptick in the gold production figures but this was an anomoly) while demand will continue to increase.

So yes I do own gold and silver and am looking to add more along with other opportunities in other sectors like energy(geothermal, energy trusts etc..), water(companies, technology and infrastructure), Some Technology, agriculture\food ,things people will need not just want. I have been scaling in a little here and there but over time…it is a PM bull market after all and even wrong entry points will be corrected over time and it is far more prudent to buy at these levels and lower than at $1200, but patience is required. TO paraphrase three famous market players 1) Richard Russell - tHe bull market will try to throw off as many investors as it can in the way to its ultimate peak 2) Be right and sit tight - Jesse Livermore. 3) buy when every one is fearful and sell when everyone is greedy (seems like the entire gold community is fearing a collapse) - Warren Buffet

I currently have plenty dry powder looking to deploy but I also hold core positions in AUY, EGO, SSRI, KGC, AEM, KBX MFN, GG, SLW from much lower levels, I also own physical bullion gold in Krugerands and PAMP 1 0z bars along with a bunch Silver rounds and a bunch of Junk silver, I also have both gold and silver in allocated vaults in Switzerland and a large position in CEF. I do not trust the government any more and have chosen to allocate some of my precious metals to be on hand for disaster purposes and I have been moving money and PMs out of the country to safe havens where Uncle Sam cant just take it by eminent domain. CEF is housed in Canada and Swiss allocated accounts are obviously outside the US. I am doing this now as there will come a time where capital controls will be imposed and I want to have options. Larry I don’t understand why you would recommend GLD as a proxy for PMs as a) it is paper gold and b) if things got real bad the US government would look around for gold like they did in the 30s and today the fourth largest reserve of gold in the world is in GLD and I would not put it past Obama, Geithner, Bernanke or Summers (the four horsemen of the apocolypse) to look at all that gold and just annex it rather then seek out the little investors that would be reserved for the second wave later.

Enough for now…..

LARRY,
I WOULD RECOMMEND GOLD FIRST,AND SILVER NEXT.

Larry,

Today I took your advice and withdrew my money out of E.J.Investment and closed my Mutual Funds Portfolio. I lost 45% right after I deposited funds a year ago, and waited until now , to break even. Am glad I did because the market is descending once again. Now my focus is on precious metals. Where to shop is my next research assignment. The overall consencious that I read from your fan mail is that SILVER will triple its value in 3 yrs or less. And that Gold is questionable to the majority here on your web page.

Re Treasuries: if the global economy re-sours along the lines of Greece specifically, and europe generally, and the wealth of the world seeks safe haven, it would appear that the only vehicle big enough and liquid enough to climb aboard would be the dollar. Sure, gold would rise, but there isn’t enough to go around.

I don’t have cash nor income producing investments. Gold and silver are my currency, and I just sell a bar or some shares when I need some cash.
I have one third of my portfolio in silver and gold bars and a general commodity fund, one third in precious metal stocks and one third in other shares, mainly China and the Far East. You probably think this is crazy but this reflects my view of the way things are (not good)- would welcome your comments.

Greatly appreciate your coverage of gold and silver. I am looking for leverage in these. Do calls seem like a reasonable speculation to you?

Many thanks. H. Colfer.

I feel a need to diversify (not have everything in one basket). I have precious metals (bullion and stocks), commodities, some tech (biotech, etc), energy, and CASH. I also want something that pays regular income so I own 8 MLPs (Master Limited Partnerships) that pay very well. Per Barron’s, MLPs outpaced everything in the 2000-2010 decade with total return of 18% (gold was second at 15%). Their distributions are also 80-100% tax free. They are the municipal bonds of energy. Example: I bought Linn Energy (LINE)at $16.40 and it pays annual distributions of $2.52–a 15.3% return. For 2009 100% of their distributions were a “return of capital” (essentially they were 100% tax free). If I’m in the 25% tax bracket that is equivalent to over 19% return. They had all their production hedged for 3 years so the distributions are pretty safe. After this week’s selloff the stock is priced about $26. The bottom line: Absent capital gains I’m locked in to a 15.3% return (or maybe 19%). If you bought LINE today you can still earn about 9.7%. Other MLPs also pay well and some have increased their distribution every quarter for 6-8 years. I’ll be buying good MLPs with both hands on dips.

1) Silver? — No longer just a semi-precious metal, but an industrial consumable. Difficult to recycle very much of that which is used. Numerous uses being discovered daily such as nano-tech etc. Will find much demand in medical apps as it is learned that it will cure numerous diseases including both bacterial and viruses, and as a water purifier for the 2 billion people without fresh water. Mine-able amounts are largely in the earth’s crust and will be exhausted within the next generation or two. Load up the truck for long term hold and then forget about it until it’s value exceeds it’s more abundant cousin: gold. Silver is the ultimate poor man’s gold, but because it is so cheap it presently requires larger areas for secure storage. Ultra wealthy investors such as Buffet are long sizable amounts . Superior economic elasticity since tiny amounts are required per application. Silver will continue to be used even if price explodes as it’s ultimate application will only increase by a few cents. Low cost entry for nearly anyone wanting to invest.

2) Palladium? — Demand will pick up as more and more astute investors realize that it (and small amounts of Rhodium) will eventually replace platinum in catalytic converters. This will work until cars are converted to other forms of energy. Reference 2009 annual report of STILLWATER MNG CO (SWC) .

Gold? — The real money of the world though it is largely recycled and stored rather than consumed; Nearly all of the gold ever mined is still around and currently is better for storing larger values of investment in smaller areas.

Platinum? — To me a rich man’s game and somewhat speculative; consider buying if it’s price is commensurate with gold or maybe slightly higher due to scarcity.

Other technological applications are bound to crop up for these and other precious, strategic, and rare earth elements so individually or even as a group they make good sense.

We have had a good pullback in the metals. We have completed the third leg down on the charts on gold and silver and now is a good time to add more ETF’s. May not be the bottom for now, but has to be close. I favor AGQ silver as an ETF. I am already into gold and silver ETF’s at the 20% level in my portfolio. I know these are underwater somewhat in my portfolio at the current prices, but my intent was for the longer term this year.

i buy silver & copper coins period. this is my investment for retirement & the iminent deep depression coming to the us. soft money never lasts in any economy. hard money does. check out history. the us has begun a process that will ultimately lead to national insolvency. thanks and pray for revival in america. its our only hope jim

I load up both on gold and silver — physical product only — but mostly silver. I don’t buy ingots or bars, but government-minted coins like American Eagles, 1-ounce and fractionals. In times of barter and emergency, such coins are most easily trusted by the general populace. I am a survivalist, and don’t trust paper and digital investments to get me through the meltdown that is coming. Though I have a little gold, the American government’s history of outlawing ownership of gold bullion and gold hoarding (from beloved FDR, no less) is enough warning to push me into silver.

This is without a doubt the opportunity of a lifetime to back up thr truck and load up with all commodities right now as the bearish sentiment is sooo high and thus bullish sentiment soooo low. Ther`s blood in the streets now coupled with loads of fear. Take advantage of it as it will pass quickly leaving loads of people behind.

1. I have some US stocks which were bought many years ago. Their values had gone down a lot. It is too late to sell them now. I keep them. But I don’t plan to buy anymore US stocks until US economy has regained the footing.
2. I continue to buy Chinese stocks that are available in US. Their values have gone down recently. But I think they will come back soon.
3. I am retired, so I keep some cash in government bonds for rainy days.

Silver, silver and silver….physical possession, only.

30% Physical Gold Bars
60% Physical Silver Bars
10% food and power needs, perhaps invest in growing a garden.
Always have 3 months money on you to cover costs.
Get out of anything paper.

Larry: The first thing I do every morning in my computer is go to your blogs and pay very close attention to what you have to say about gold and silver.
From your statements I act accordingly. 15% of my retirement is in gold and 15% on silver and I am siting on both until you tell us when to sell.

Ps. thank you for your advise.

Oscar G.

i love silver, but also have gold and palladium. i wish i knew when the bottom was going to be in
so i could load up on more silver. i read an article that someday there would not be enough
silver for the mint to make silver eagles but i don’t believe that.

Am currently 15% cash, 55% China (domestic-not export related ) and 30% gold miing. Taking a beating on China stocks and intend to unload some if they continue downtrend. Intend to load up on more gold mining stocks next week…

(1) Silver (2) Platinum (3) Gold is my choice.

Personally I like Master Limited Partnerships for income. Once the pipeline is completed it is like a Toll Bridge and no longer capital intensive and with tax advantages as well. Also so long as the Fed keeps interest rates low, government backed mortgages pay fat dividends as well e.g. NLY and HTTS.

Bought in nov.09 the following realizing everybody sale at that period for income.
20% U.S stock like appl.. at 190. up to 214. and now down at 191..
30% China up 15% and now down 10%
10% India up 10%
20% gold 10% silver down 10%
10% gold mine barrick down 12%
If y live that money place to nov 2010 will have to pay taxes on surely 25%gains
since I don’t need the money it could stay there for 5 years.
I don’t have time to buy and sale once a month.
What do you think is the best move?? Difficult for a bigginer

Larry: with the recent strengthening of the dollar and the possibility that other weaker economies will seek safrtey in the dollar is there a mid to long term risk to the value of gold and gold mining stocks.?

I currently own silver and palladium and feel as though both of these metals have a great deal of upward potential. It’s become apparent to me that there is a great deal of price manipulation at least in the silver market. The current supply and demand figures would indicate that silver should be much higher than it currently is. I believe that it is artificially being held down.

My computer just got flown to Texas for repair or replacement so I’m using the “boss’” computer.
I recently got information from a top executive from one of the top three banks in the US. The commercial real estate bubble will break by the end of March 2010 because there were more of these people, than ever before, in the situation of not having enough assets to warrent refinancing, paying off the principal or even the interest due!. When I ask an investment banker, who had just gotten back from NYC, what he thought of this and he said he was 100% in agreement and that the credit card bubble would break in the same time frame. Since Ginny Mae, Freddie Mack and FDIC are all bankrupt, the US dollar is going down, the interest rate going up and the elected idiots keep on printing fiat currency, we will probably have a meltdown in our whole financial system like never before in history. When the government gets done rigging the figures, which just delays and makes things worse and prolongs the inevible, it will make last the pull back in the stock during September look like a picknic! The government shortly will take the money in 401K/IRAs and replace it with a 3% annuity and then when the prime rate goes up guess who will benefit! The money the government gets when they cut Medicare payouts 1 March 2010 is to be spent wisely too, upgrading the communication systems of our Congress! The only sound investment, that also has very good growth potential, is precious metal. I like silver Eagles, silver Mapel Leaf and silver Philharmonics expecially.. The historic ration between gold and silver is 20 t0 1 and now it is about 65 to 1, This will have to get in line shortly. Only buy the shinny stuff in one ounce bullion coins or larger bars and be sure to take delivery and not hold someones “backed” paper certificates which possible could be not honored in time of problems. Your financial advisor will most likely advise you to only have about 10% of you liquid assets invested in this way if he even would approve and mainly because this ties up money he cannot make commission on. I know what I am talking about having been an investment broker for about 30 plus years! Keep enough cash to cover bills with and then deposit it in the checking account as needed. CDs, savings accounts and most any other paper investments are not really safe in the present economic envioument and this is not going to change for the better any time soon!

hallo i’m in italy and i own some phisical gold(wish to have bought more in the past) (no phisical siver bullion market in Italy) plus some gold and silver (my favorite)stocks (in tot more or less 15% of my invest);
i’m really really worried that the big banks will be able to create a sell off in the market to cover their shorts ; so for me no , is not time yet to load up….i just hope the drop will not be too severe to trigger all my stops…and be brave and lucky enough to buy more close to the bottom
i’m not planning to sell now …but because of the market’s manipulation i’m not buying more (and i wish to )

Our investments going forward from this moment are in junior gold, uranium and preferred stock of utilities. The story doesn’t end there– during the 1980s tenure of Paul Volckere we invested in preferred stock with par value of $100 and $4.50 annual dividend at $35 per share. The company has never missed quarterly dividend payment and we have added to the position which now sells for $76. We also purchased preferred stock in Bethlehem steel and another utility, both ending in bankruptcy. Gold had low of approx 855 to hi of approx 1155 in 2009, a very nice gain but currently consolidating. Will continue to reduce position in gold next week on further weakness
with plans to reenter based on world economic and market conditions. Majority of funds are in short term treasuries..

For a novice, how do I invest in Silver? Thank you in advance. ddoll3

During the last drop in gold prices my dad and I purchsed 100 1oz coins of various countries (in case one was considered debased)in a price range of $285 to 350 each during. We also purchased 5,000 US silver dollars of no numismatic value. We hold physical possession of these.

During the past five years I have personally invested in the junior gold and rare earth miners and larger miners in specific commodities such as copper, silver, gold, platinum and uranium with excellent results. These core holdings are long term. For short term holdings the futures markets have been profitable for short term trends both long and short.

If investors lack recognition of the global Paradigm shift AWAY from our current Keynesian system,
you remain unaware of the beginning of the end of quantitative abstraction of VALUE. Von Mises declared there is NO WAY to avoid the coming “Crack up boom”. All those who still adhere to net worth
based in heretical fiat are unprepared. The end of quantitative abstraction of value is THE reason REAL physical PM has survived the millennia of fiat experimentation. Be aware that those who are currently benefitting from this Keynesian nightmare have no intention of voluntarily relinquishing control. LONG physical PM.

I have physical Silver in my portfolio!! Already doubled in 2 years. wish I had listened to my “gut” & bought more when it was at $5.00. but I’ll keep buying because it is has so much potential. As a “middle class Family man” I can afford 10oz -20oz every month. to hedge against inflation!

I plan on holding 40% in cash, and 20% in qid, the rest in
China and Brazil. Stocks such as yum, tck, pwe, bp, and amln, swc, pwe, and ewz . Since these stocks are in my IRA accounts, I sell anytime I can obtain a 6% prrofit and then look to buy the stock back some 9% lower and do it again. I also sell covered calls against some one third of my holdings if I can achieve a 8% return for say 60 days. Over all I usually average around 23% yearly
return. Right now it does not pay to invest just to make some money weekly. There are no decisions out of our government that will help business or encourage sustainable growth. Although reinstating the glass-steagal act is a good move any further over regulation hinders the recovery. As does passing Obama-care with all of the hidden taxes. The same is true of ‘Cap and tax’.

I do not see real new growth as sustainable until we get a good foundation under the economy .
That foundation needs to come from paying down bills, saving and investing and living within our means. That applies accross the board to individuals, towns, states and our Federal Goverment.

I prefer silver due to the industrial/monetary linkage.

1. If you dont believe the “banksters” OWN our Govt.(they do).
2. If you dont believe the CONGRESS(conmen) represent “special interests”, than PUBLIC.(they do).
3. If you dont believe the US GOVT is “bankrupt”.(we are).
4. If you dont believe an “official” US DOLLAR devaluation is coming.(it is).
5. If you dont know that the US FEDERAL RESERVE is a private “bank cartel” OWNED BY OTHERS(it is).6. If you cant understand why you lost your job and your house(20% of US WORKERS).(you did).
…………………………THEN DONT BUY GOLD&SILVER……….DIG A HOLE AND JUMP IN.

I plan to slowly continue acquiring physical silver as the price drops. Dollar cost-averaging is the plan. The market and commodities correction could be massive - crashing below last years lows by late spring. Or, it might turn around very soon… I’m leaning more towards the former scenario based upon the relentless increase in unemployment and the increasing rate of bank failures.
Another market collapse may extend the life of the dollar for awhile longer, but it seems destined to eventually take its place alongside all of the other defunct fiat currencies of the world.

There will obviously be a bounce shorty once the market corrects but be careful as it will be short term only as we are in a consolidation period.

Please note for the longer term outlook, gold historically reaches a new high climax every 23 months as it did in early Dec. 09 with a sell off & 6 month consolidatation period before ramping back up again. I believe that June will be a good time to re-enter gold long term and avoid being whipsawed over the next few months.

With the U S currency printing presses still running full throttle, inflation seems inevitble. If that observation of cause and effect is correct, accumulating precious metals is irrefutable. By the end of 2010, at least 35% of one’s assets might well be in silver and/or gold.
Jerry R

LARRY…..I also bought afew bags of silver and some of those green boxes. Bud

i have been a collector of gold+silver(cant afford platinum) for 20 years. having said that i obviously have lots of silver(elcheapo) not much gold-no platinum. so it seams since i have lots of silver bought from 3.50 ounce to 8.00 i am in a good position. at this writing silver is 16.20 ish and will not move any lower so i will buy–it is down from 19.00(6%) silver may be the best buy at this moment as it is not in abundance and is used widespread in industry. collectors like it as well(coins) so i likey! i am small holder–under 1000 ounces silver but any savings i have will now go for silver coins(cheapo) as this is the commodity that is ready for advances.buy and hold, as silver is an easy trade for (as compared to the dollars)–people will not worry about trading goods for silver, where-as paper curency might be lower on the totem pole of acceptable items.

From funds not needed for income
investment in gold stock and gold fund 5% presently no silver 5% in platinum and palladium otherwise energy commodities and especially Canadian Limited Partnerships

Hi, Larry. I am quite bullish on silver.

Since I’m just a little guy (tiny really), I invest in silver metal a little at a time as budget allows. I’d love to do gold/platinum but I don’t have the cash flow for that. When paper takes a dump, metal will return as currency. In the coming years I see commodities as the only real way to realize steady yields. Everything else is a nice-to-have, and there’s no guarantee the world can afford these.

Hi Larry!,

Suggest selected Rare Earth companies and including with known reserves of Lithium, potential Liquified Natural Gas producers, Coal-Seam Gas/Natural Gas/Oil explorers where infrastructure/cities nearby, selected Uranium stocks with proven large reserves, Silver explorers with proven reserves. Sell when high, buy when low as regularly as market allows.

Best, Gordon

I will buying buying gold and silver this week as I have been waiting for this correction. I will scale in if it goes lower again.

I am not sure now is this the right time to load up with precious metals or should we wait a bit longer. Receiving many conflicting information and cannot decide on the positon to take. For example, one says Gold price should take a break and the price is expected to pull back to US$950 or even to US$850. This is supported by another one who says USD has legs and Dollar rally is expected to stay. One says inflation is not the concerned now but later on. I suppose in environment of lack of clear direction/trend and in the midst mixed signals, the best thing to do is hold cash until the market has decided its direction.

I believe that silver is the way to go. You have the safety of a precious metal together with the demand and usefulness of an industrial metal that is only going to increase as the population increases and as more and more people in Asian countries become more affluent and are able to own the products of technology.

I like Gold but think Silver has more of a way to go. The Gold/Silver ratio is skewed from historical levels and will probably revert to the mean. I am also a fan of Palladium. When we build new cars we need the metal and when we repair cars we need the metal for the catalytic converter replacement. Perhaps a pullback is in order. Gold has had it so am thinking more in terms of the gold miners (GDX).

Gold, oil and high yield rental property in emerging countries

I hold mostly silver bullion and considering a purchase in colored diamonds to help hold my purchasing power..Although I beleive metals still have downward pressure I beleive gold will bottom near the 980 but I firmly beleive better to be early than late…as far as stock I like the ggn fund(!)%dividend with upside to gold)I have a few explorers that I think have Tremendous oppty,One of which has just signed a jpoint venture agreement…I will take every 5% decline to buy more silver bullion…

I have 10% of my total assets in gold and silver. Of that 50% is in high grade pre 1933 coins and the rest in bullion, don’t trust the ETF’s! I do believe for the long term this is the place to be. Also keeping in mind that there is a high degree of government manipulation (see GATA) to suppress these markets it will still outperform stocks. It is my thought that somewhere along the line there is going to be a major currency shift. Since the US can’t print their way out of this mess and default is out of the question the only way after massive QE is to change the game. Perhaps it will coincide with the end of the Myan calander in 2012.Just watched an interesting show on the History channel regarding that.

I own some AGQ which mimicks silver on margin.
However, over the past few years one thing appears obvious to me.
There is a timeline to our problems that play out with many ups and downs.
Its very important that I not get too exhuberant on ups and despondent on downs. THe world is tugging at deflationary oversupply of labor and phenominal productivity which is offsetting the money printing.

I’ve invested in precious metals for 30 years - made both huge profits & stunning losses.
Now is the time for cautioin - If prices drift lower in the near-term then I plan to back up the truck and load up on silver. In my thinking silver is the best investment vehicle - buying & storing the metal is a hassle but I think Jason Hommel has some good ideas on this. I also try to pick good silver & gold mining stocks. I especially like Timmins Gold, Exeter Resources & Taseco Mining..

All bets are off short term because of all the global liquidity and money sitting on the sidelines to react to news in a nanosecond that causes irrational spikes. That said, the dollar was oversold and until it comes back to relative GDP parity to other fiat currencies (also being overprinted), then gold should decline slightly and silver and platinum should not because the usual parity relative value to gold. We sold out of the US equities market two weeks ago before the decline and went into MM (which will go up when interest rates increase (sooner than later?) Double “V” recovery? Only if Fed repeats their 1937-8 premature “tightening”, but current “lose-lose” action is to keep on deficit spending/diluting dollar value. Only oil stocks should be a sure bet to increase, since China will build 15M automobiles for domestic consumption in 2010– 87% by 5 top Chinese producers, each with less than 20% market share. This is only my opinion and not a recommendation of any kind.

Larry,

Are you blending apples and oranges? Long term investors with short and mid term investors. Each and every time I buy a stock I want a long term investment. I have never found a long term investment and with the existing volitility I’m lucky if they turn out to be medium term.

You ask a question but which type investor are you directing that question? Probably two different answers to each question.

Regards,

There are so many blatant contradictions about gold right now, it’s a bubble vs. buy now, that I feel very confused actually. I see your arguments about the long term rise in gold and it makes so much sense to me that I definitely want to buy more gold when it’s at the bottom of this cycle - ha! But with all the gold bears out there right now, it seems like it will probably go down more before it’s time to buy again. I still have a lot of gold though and other precious metals as well, but I guess I’ll sell a little of it now.

I believe Silver has a catch up gap and will be a great play in 2010.

HEY LARRY: IVE PROBABLY GOT 25% OF MY PORTFOLIOS IN MINING STOCKS. AUY. EGO, SLW, RVMIF. I HAVE BEEN IN DIVIDEND PAYING GOOD UTILITIES FOR 20 YEARS. OTTR & FPL, SCG, AND D. I SHOULD HAVE GOTTEN OUT OF MY MINING STOCKS EARLIER. I WISH I HAD THE CASH TO BUY SOME NOW! I ENJOY YOUR BLOGS. THANKS

I am a beliver in Eliotte Wave theory. Wave 3 of 3 down in the stockmarkets is coming. Also, Gold and Silver are entering a down trend that should last through the end of the year.

The dollar seems to be moving up, so gold is losing ground, for how long? For the last month
gold has been a loser, why do advisors keep saying “buy gold”

For those of us who have been investing in Gold and Silver, Bullion and Stocks I hope the time is near for the PM Stocks. Not to be greedy but no one gets excited about a 10% move any more. I don’t know what its going to take for Gold and Silver to make a Sub-Stained move higher but I would like to “spend” some profits before I am too old to do so. For the record, I have been in Precious Metals since 2001. Thanks. Mick.

Iam 100% in silver. I beleive silver will out perform them all. i have 40% in physical silver & 60% in stocks.

Like Larry I believe the precious metals have a lot more upside. Also I think Silver has the edge when it comes to the percentage gain. My largest holding is AGQ which doubles the gain or loss of physical silver (SLV)

Thank you Larry for creating such a venue to connect with those actively interested and also who follows after your tutorship and vast knowledge and experience. With much gratitude, Tyco

I have been concerned for some time about the declining value of the US Dollar especially as it
effects our 401 k’s and fixed pensions. There is, additionally, the decline in real estate prices
which has adverseley effected our overall net worth. Thus, I would like to take most of our assets offshore, such as investing in Australian fixed income funds which have a good overall rate of
return or converting some of my 401 k money into Swiss Franks. The Euro is not on solid footing right now because of large debts in some European member states and low economic growth. This will give the $ a boost, but I have no clue as to how high it will go.
Understanding the economy is complex and what one expects does not materialize especially in the short run because of manipulation. Investing in Gold is also tricky because it may be adverseley effected as the markets decline and as the currency swap deal ends.

It seems to me as if physical gold and silver (COINS only) should predominate our investment (at least 40% I think).
Silver seems to me being the big favourite: it is not expensive and with small coins you can pay your daily deliveries of food in case the crisis turns really ugly. Everybody accepts silver as payment. I got 60% of by investment budget in gold and silver. The rest is stocks (also gold and silver, oil and mines); that’s all. I am not sure how stocks will evolve during a heavy crisis, my guts tell me that I should invest 80% of my total investment in silver/gold. That means that I have to sell precious metals stocks and shift in physical ag/au.

China has a very low % of thier currency backed by Gold, They could tighten money even more to lower Gold prices so they could buy more.Gold will go under 1,000 ounce, buy Gold, Silver.

Steve

Even though I am somewhat overweighted in precious metals at this time (~35%) I feel that we are approaching an epic buying opportunity, as it seems that the bullion banks are covering their shorts—I am counting on you, Larry to help me gauge when that time is! I am also weighted toward dividend-paying resource stocks as well.

With the pending collapse of the US dollar, and therefore the loss of the reserve currency status of the dollar, I do not understand why anyone would waste their time thinking ,or planning for any other event! I believe we are going to be in a super inflationary environment for at least the next five years. We are going to have to determine what should own when we start over again.

I think the PM stocks are poised to reverse their decline after maybe one more gasp move down.
The physical PM’s will lead but not by much… the move will be quick - back to recent highs.
The dollar is destined to go higher, but at this time, needs a rest.

I’m out of gold and silver completely and probably won’t be moving back for a long time. I think the trend is down for an extended period and it will take a 30-40% correction for me to consider gold again. I’m mostly in cash (70% money market) with the remainder in basic needs dividend stocks, like utilities and staples. There is simply too much political uncertainty for any sustained growth in the US, and let’s face it, the US consumer is still the engine that drives exporting countries economies. With high unemployment and heavy debt load, the US consumers won’t be consuming much any time soon, regardless of what Washington wants us to think. When the US consumers aren’t consuming, it impacts everyone. So,until we default on our debt I’m still spending my dollars in the USA. The fluctuations of the dollar versus other currencies doesn’t impact me immediately. I’m not buying groceries in China with US dollars and I can’t buy groceries in my local supermarket with gold bullion, at least not yet.

Half in gold and silver,short term treasuries and a swiss annuity

Hi Larry,

I have an emergency fund in my safe deposit box that consists of silver bars and foreign currancy. I have Swiss francs & Canadian dollars. I figure with the small interest being paid by CD’s & money market funds, I am much better off with foriegn cash than US dollars if and when tthe US dollar collapses. I have one question; do you think mutual funds are a losers game? I have invested regularly (dollar cost averaging) for 15 years in conservative funds (Vangusrd S&P 500 etc) and due to the last market crash I would have been better off with my money buried in my back yard! I would appreciate your input,…thanks

Ernie

I am amazed at some com ments/they sound like pro’s! I hold a swiss nannuity, short term treasuries and gold and silver, Metals were very kind to me, in the 70;s and i remain fzithful. Gold and silver always have value/

It is absolutely essential to hold precious metals in your portfolio! The reason is that it is REAL MONEY and cannot be destroyed by the government to pay off its debt. I think a reasonable allocation is between 30% to 50% of your net worth. Yes, that may seem high but it is insurance from the collapse of the dollar and other fiat currencies. Of the four metals I would hold gold 40%, silver 30% and both platinum and palladium at 15% each. Do not use GLD or SLV as the 3rd party risk is too high. Own the physical metal!

Time to protect against the weakening dollar.

William

I believe we are in for another downturn in the markets like the one between late 2007 and
Mar 2009. I base this on technical and fundimental annalysis.This one will likely be even worse than that one for rate of decline and amount of decline. It will also take down virtually all investment categories with exception of the dollar. Look at what went down between late 2007 and Mar 2009. I am currently short the Euro (DRR) and hold short ETFs in the Nasdak (QID) the S&P 500 (SH) and the China stock market (FXP). These are starter positions that I will increase as the downturn becomes totally confirmed. I used the same techniques to play the downturn between late 2007 and Mar 2009 to make about 40% on my trading portfolio and with that experience I hope to do better this time.

Larry,
From what I am hearing, silver appears to be reaching a critical supply/demand point. Is this true? If so, silver could explode to the upside and begin to reach or exceed its historical ratio with gold. Your thoughts?
Best wishes,
George.

if so,

Back up the truck………but not to fast………I see a bit of a retraction to the the metals market for the short while if one is $ cost averaging into it that’s fine otherwise wait you will see a great buying oppurtunity right around the corner………and when it does get here load up on the silver in particular……..biggest bang for the $ spent in my opinion. I am Fully out of equities except for mining stock thru a fund………other then that I am invested in the metals and cash………….no paper at this time please…….you will lose your shirts……..i expect a 30-50% deval of the $ this year alone meaning everything we need is going to go up in price………invest wisely!!!!!!!!!!!……….

It seems apparent that most want to play the metals instead of the stocks. I think they are right on the money. The only two metals that give more bang for the buck with a real use instead of just good looks is paladium(autos) and platinum (autos, aerospace) ect. It’s like beauty with some brains or in this case some insurance. Buy for short term, feel around the auto futures overseas, then add Leaps.

Hi larry,
How do you feel about : AAPL and BIDU (Tech ) in particular, beside your Real Wealth Report which by the way did not change to mach in the past 6 month or so, and almost everything in your list is going down trend. Any tips, or advise with this turmoil betwen politics and bank and anything that go to the drain ???

My view on Gold is it has to be part of my assets. Coins as a bomb shelter, kept partly because it is a pain to sell, I just keep them and don’t care if they fluctuate. GLD for bigger positions and I have not sold any for a couple of years and gold stocks and mining funds or etf’s for leverage. I sold silver at the very bottom to take the loss against a real estate gain and never got back in. I kick my self and shouldn’t stay out, but it is like a dog that once bit you. Also, I follow Richard Russell re Gold. Still, I need income and don’t know where to go. I have some minis and some did paying stocks, but mostly cash at 1.5%
Regards,
David

Larry you started me in the AU/AG arena back in 2001. The years have been up and down but mostly up. I have the same amount of FRNs that I retired with in 2000 today, even after withdrawing all the monies needed to live very comfortably for the past 10 years. Thank you and Martin/Sean for the help all these years.

The fixed income people are about to get annilated. Gold is going to 1650/Jim S or Bob M or Larry E and I think silver may hit 26 this year or better, once we eliminate JP M and their obscene short position. There is NO other solution to the world’s financial problems, as gold is real money EVEYWHERE in the world.

So go small[jrs] medium[jrs] and big[GG,AEM,KGC] and load up the boat.

As a final note I was up 86% in one portfolio and 83% in my wife’s portfolio in 2009 - all in gold/silver.

Larry:

I’ve been led to believe that you and your colleagues are considered the experts in investing!

I don’t want to know what others think! They don’t have your experience. What I want is to hear what YOU and your colleagues have to say!!!!!

Thank you,
Richard Schneider

get out of PM stocks now, then buy them back, or, stay in for the longer haul,,,I think many may be wondering that this weekend????

My view on Gold is it has to be part of my assets. Coins as a bomb shelter, kept partly because it is a pain to sell, I just keep them and don’t care if they fluctuate. GLD for bigger positions and I have not sold any for a couple of years and gold stocks and mining funds or etf’s for leverage. I sold silver at the very bottom to take the loss against a real estate gain and never got back in. I kick my self and shouldn’t stay out, but it is like a dog that once bit you. Also, I follow Richard Russell re Gold. Still, I need income and don’t know where to go. I have some minis and some dvd paying stocks, but mostly cash at 1.5%
Regards,
David

Time to start nibbling at quality precious metals stocks. They are oversold. blow the 200 day MA. If gold goes lower around 1000 or just below……….back up the truck. Three years from now, what will be worth more? Gold or the dollar.

I think a portfolio of conservative Master Limited Partnerships deserves consideration in any fixed income strategy. These vehicles (which trade just like stocks) pay generous distributions which are tax deferred. Since most if not all of their distributions are considered to be returns of capital, taxes are not due until (and if) one sells the stock. Comservative MLPs ((like Enterprise Partners(EPD), Genesis Energy (GEL), Sunoco Logistics (SXL) and Kinder Morgan (KMP) own a mix of energy distribution and storage assets. This means that their share price is NOT dependent on the price of oil and gas. Conservative MLPs also have a consistent track record of increasing their distribuitionssevery quarter. The ones mentioned above even continued to do so during the 08 early 09 meltdown. Sure their share price dropped off during this time, but if you had no intention of selling, that was a non-event (and also a great opportunity to add to your position at a phenomenally high yield). These companies keep their businesses growing by adding to their assets and this requires access to capital. The best of breed ones have had no problems continuing to access capital markets at very favorable rates.
The one caution I would make is to avoid the pursuit of high yields. There is a large array of MLPs out there and some paying high distributions are in businesses that are directly dependent on metrics like energy prices and shipping rates. If a conservative income investor sticks with the best of breed conservative MLPs they can obtain a nice 7%+ tax derferred income stream with little or no downside risk. (barring a total collapse of civilization)

No yet. The dollar will get stronger and metals will weaken further. The risk of a double dip recession with global implications (greece, italy, spain, ireland etc) is increasing. Unless the inverse dollar vs precious metals trend reverses (which is shows no signs of doing yet) this will continue for a while longer. When the charts reverse, THAT is the tiime to buy. Suggestion: watch weekly as well as daily charts. They are still saying GLD has lower to go. I’ve been out of GLD related trades isince December. But I’m building my list of mining stocks for the right time.

We are retired, 72 years old, still have a mortgage, and struggling to grow our meager remaining $53K of retirement investments. We follow your newsletter Larry, have investments in gold, silver, and stocks that pay dividends for obvious reasons, WE NEED INCOME! Expenses have been cut to the bone, but contrary to what the Fed says, the COL is NOT zero. Keeping our COLA for SS to $0 for TWO years is a complete joke as every single item that we need to live on has risen. Luckily I followed your advice and Martin’s when mortgage rates hit a low of 4.5% we refinanced at that rate, FIXED of course.
We don’t play the lottery, as the odds of ever winning that are about as good as me being selected as Mr. America, I leave the lottery to fools.
There are many, many of us senior citizens who are strongly independent, but are badly in need of INCOME. I am not adverse to risk, but with so little money remaining to risk, I have steered clear of Options even though it is really tempting. I cannot join any programs that you and Martin offer because we don’t have $1M, $250K, $100K, and now $50K is in serious jeopardy. So what is there for us I ask? All the big investors are being taking care of, those who have considerably more money to invest, or are still working and have more years to invest their income. WE ARE FIXED, nailed to the ground of sort. We will continue to use your excellent advice because we have faith in you, but please give us more INCOME ideas. Larry, WE NEED YOUR HELP !! The Titanic is sinking and the sharks are circling.

I am paying you for your advice and guidance. I can walk up and down the street and get all sorts of sdvice from the know it allls (I am being polite). I am retired and my main source of income is a reversible mortagage and sociall security. IRA is in RS Nautral Sesources fund and abokut $200,000 in USGlobal Gold and Pres Metals fund. I have 20,ooo in Checking account. Big artiacle in Fortune recently stated Gold is heading to $500. Whoa—this is where I am depending on you and your wisdom here–not Ralph Cramden blarting out his comments!!! You are da man!!!!!!!!!!!!!!! Please Speak to us Sir Larry E.

I am heavy in gold but less in silver. I bought gold stocks too. But with the Dow stocks coming down, I am afraid gold stocks may go down. Should I sell them down and put them in gold ETF? Forget about gold stocks?

Hi Larry,
I tend to view gold and silver as savings. It seems a much safer bet to me right now with more upside since with banks paying a paltry 0.75% interest on accounts there doesn’t seem to be much incentive to save cash to satisfy anything beyond perhaps short and intermediate term needs. I strive to take about 10% of my paycheck each month and put it into gold or silver.
There is a question burning in the back of my mind on which, if and when you get chance I would love some perspective. While gold is currently in a super cycle bull market, there is concern that it will eventually turn down again, perhaps in 5 to 10 years. With all the quantitative easing going on world wide and the ultimate likelihood of replacing the dollar, along with other currencies, what effect will this have on gold in terms of its ability to purchase real things? Thank you for all that you do!

Historically when a country tries to solve its problems by printing money, the value of the money always goes down. This is a good reason to buy gold because US is printing a lot of new money.

about 10% in gold, silver & platinum and plan to invest more when the present bear has clawed it’s way off the downside.

Being retired, I live on a fixed income coming in monthly (for the present).. The balance is in gold and silver since I feel strongly that this administration will not be able to recall enough of its monetary flooding of dollars to stem runaway inflation in a few years. In the interim, if I need additional funds I can always sell some of my “stash” since it has already given me a nice uptick. I often think of buying mining stocks, but then remember the admonition of those who say “paper stocks will fall with paper dollars.”

I recently bought onto the reco. to buy calls on SLV. This reco. claimed for a great return on SLV. It was purchased in July ‘09, 80,000 shares of a Jan 17 CALL. the 2nd wk. of Dec. strike price on CBOE was about 17.27, yet the alledge strike for the holder of my SLV was 16.21, giving me a good hit in the loss dept.. WHY was there a loss, due to the different strike prices of the holder. It pretty much destroyed my confidence in purchasing any more Options. WK

I have held two T-bonds for some years (2021 maturities) that paid over 8%. Last week I sold them (at 39% profit). The proceeds are in bank cash drawing zilch. I have CDs in Australian and Norwegian currencies. Neither are doing well what with the currently-flourishing USD. I have a large investment in GLD, gold mining stocks and bullion. They too are being pummeled by the USD but I expect them to return and scoot higher. Further stock investments are in China, So. Korea, India and international water shares and commodities — no U.S. common stuff…they are too vulnerable to the vagaries of our domestic economic scene. When my gut tells me the proletariat has tired of frittering their wealth into a hopeless U.S. currency and the USD begins its free-fall, I plan to convert my dollars into select foreign currencies (shying away from Europe but including Canada). With the current administration’s shaky hand on the financial helm of this country, there is no way we can return to solid economic footing in this country for years to come.

Here I am, north of the 49th parallel, a senior, DIY, following the market via BNN and my computer. My U.S. holdings are only GLD ETFs and the rest are Canadian companys not necessarily with Canadian properties. I have gold bars and coins, stocks in Canadian Gold miners that are either producing and/or have proven reserves not yet mining amounting to 50% of my portfolio. 30% of my stocks are energy based and include Uranium. I am also invested in Molibdinum. I back all this with GICs (although low interest) which are somewhat of a comfort cushion. Am I on the right track?

My portfolio is heavy in good dividend paying stocks such as utilities and master limited partnerships. I also have muni bonds that are tax free for both federal and state taxes. I also have some of the stronger technology stocks and wireless communications stocks. Of course, I also have some gold mining stocks andd a gold ETF.

why bother buying gold and silver at these high prices, when you can buy gold for $250 an ounce and silver for $3. Larrry, you may want to understand that a depression is unfolding in front of our eyes all around the world. Forget about inflation, while the depression is taking every asset class down. You may also wonder why the bashed US dollar is strenghtening all of a sudden? Most of the debt in the world is issued in US dollars. This debt has to be repaid, so institutions are selling gold, oil etc to pay back their debt in US DOLLARS. This is why the dollar is the best place to park your money. You may say that China will drive the commodities. Give me a break, the BRIC nations are 7% of the world GDP. You expect the ant to carry the elephant?

I plan to ride the dollar up and buy gold stocks when it tops out. Anyone think this is a a good or bad plan?

Yes, I would suggest that precious metal investors begin scaling into gold and silver coins (keeping in mind that 1 ounce silver coins can be used for barter during a currency collapse, whereas gold coins will become so expensive that they should be retained for wealth preservation) and high quality mining equities for the long term. Should US dollar strength continue over the short term, prices of these investments could decline further affording an opportunity to add to your positions at lower prices.

Opinions are like #%@holes, everyone has one. When drops below 1000 I may get back in.

The dollar will run out of steam and fall on its face,thanks to the u.s. government,inflation will raise its ugly head,banks will coninue to have difficulties,so the potential for caos is still ever present.For me,gold and silver still remains a safe haven.Ron

Very interesting comments by your readers,thats what makes the world go round.GOLD,GOLD,GOLD,OH YES AND SILVER –IN HAND.I think silver is a sleeper and buy all you can afford now.Just my opinion.

I would wait on the precious metals ( and some of the basic materials ) because i believe the $ is due for a TEMPORARY rise. (the detailed reasons tooo long to discuss here) In The long run ,All materials will rise greatly- due to eventual physical shortages and inflation due to the deterioration of fiat currencies in the US and most other countries. In other words, Be like a spider - patiently wait, but be alert and jump when the opportunity arises !

Does “loading up” mean more than 25%? The fact is, there have been times, when gold, silver and the two ps have not jumped enough to get the general investing public excited. In the last 20 to 30 years, squirriling away sizeable portions of those commodities has been a better choice than almost any other saving program, simply because it has been easier, safer and simpler to do than anything else.

I Live in Australia and have an international account with IB. Which means I can trade most any country. I hold about 30% in gold ETF Aust. and 15% in Mining Shares in Gold Aust. Small amount of Silver USA. and some 5% in Other resource shares. Reason is The debts of the US and EU including the UK are getting much worse each month. I also hold some long term High interest deposits.
I always look forward to your recommendations. I like Gold above all.

silver- industry is picking up

should we be holding onto the Gold and Silver investments even though they are going down right now?

I like silver now. Palladium and Platinum have had some runs. My choice is to buy DBA for agra commodities and continue to hold gold and silver mining shares. I think silver is probable a timely buy, but would wait for gold to go down a little further. This commodity volatility is scary.

I bought a truck load of a jr mining company and its down 50%, should I hold like some suggest? I’m very disappointed,Calvf is the mining co

I like silver best/ because its at this time easy to buy and to sell / a poor mans investment/ its uses are to many to list/ i see it being used more in the medical feild in the future/ if hospitals used it on door handles , it would cut so many infections being transmitted it would soon pay for itself/ just silver plating would do the trick/ p.s copper would work too but not as well

I like all the precious metals, but favor silver because of its use in “green power” applications.

While I have taken your advice and am heavily in gold,silver,brazil,australia etc, these seem to fluctuate with the overall US market not as counter weights as I thought. Is this becaue they are in dollar denominated ETF’s? Should I be using other vehicles?

Do you think the commercial real estate market can pull down the entire economy if and when it finally collapses.

Gold and mostly silver is what I intend to invest my $100’s of millions in when I receive them!

Then of course the pandemonium that China is going through for me to profit at that Chinese drive into the modern world, past former barriers with no holds barred!

Then some of the money will go into everyday commodities invested in some of the greatest corporations on earth right here in this United States!

Then it’s going to be: This is for investing, this is what we are going to live on, this is to keep you happy, and if you care to invest yourself, this is for you to do so!

Keep that American woman happy (we men call our better-halves) and she’ll always be at your side, and that’s the biggest investment of them all!

Soon, but not yet, especially with Silver.

I believe Ferdinando C has it right. precious metals are telling us of future deflation, which is not good for the price of metals. Silver’s price never confirmed gold’s price as every other ad on TV and radio is another “expert” trying to peddle gold. This is when you know it is time to sell.

Good income sources are gas and refined product gathering and transmission companies that are paid a toll for transporting and can benefit from rises in petroleum prices. There are also some nice regional bank preferreds that have nice yields and selling at a discount to par value.

The U.S. stock market is in for a miserable few months before once again offering us a great upside potential later in the year. Hopefully emerging makrket stocks will once again lead the way and the positions I’m still holding will regain their former levels.

I was a little disappointed that UW did not see and warn us to get out of commodity and emerging market positions before this horrible adjustment of the last two weeks. The problem with charting is that you can’t see when something is going to break out through the bottom.

Still love you guys, but it wasn’t fun giving back a third of what I made last year following your advice.

Hi every one,
In studying: (A) Richard Mogey’s 15 year US dollar cycle; (B) Robert Prechter’s group Elliottwave tracking; and (C) HSDent’s near term cycles, I believe we saw a top in the equities market mid January, and a little before this in the bullion market. What we may see now is only the dollar rising, and all equities and bullion heading down. The cycles suggest a DOW well below 6500 before the year is out, and into 2011 even a DOW as low as 2000 or lower.
For the more moderate investor, riding the USD up with UUP or DXDBX may be one acceptable strategy, as would be riding the wave down for the aggressive investor with inverse mutual funds (DXESX, DXRSX, DXSSX, etc…) and a small group of ETNs like BXDC, another. These funds and notes do not reset daily, so the compounding effects do not work against the investor when they spike up intermittantly against the longer term downtrend. I am thinking to hold cash and prift taking in actual T-Bills. I no longer like BIL or SHV since these ETFs are bleeding almost every week as they renew their ETF’s short term T-Bills increasing in price.
Also, I think most investment banks, commercial banks and local banks will go under over the next 18 months, so I will not trust any mutual fund or ETF or ETN to survive (although some are bound to make it through). WIth this attitude, regular profit taking is essential to avoid a fund collapsing with money left on its ledger. Then, as the smoke starts to clear sometime in 2011 or perhaps as late as 2012, most lending institutions will have collapsed, making the USD in even more extreme demand. Hence, 20 year AAA Corporate bonds with yields approaching 20% should be available. Even 30 Yr Treasuries could be up in the double digits depending upon just how bad this once in a lifetime Kondratieff trend change unfolds. I see many other bond offerings from now until the dust has settled from the trend change being in severe risk of collapse and do not trust any of them except T-Bills. There are excellent arguements that gold will head now to well under $700 and silver under $9 per ounce before they start to recover, maybe starting in late 2013 or early 2014. Note the major drop in Bullion during our last crash, and note the vaule of the USD climbing. Only this time, this phenomena is likely to last much longer (e.g., Mogey’s 15 year USD cycle). Mining stocks going into 2013-14 or so should be the best buys according to Edelson’s recommendations, but only after bullion bottoms. But be carefull now!!! Good luck to everyone, and hand on to your hats!

I believe the strength in the dollar is short term which will only push gold, precious metals, and real resources higher in the long term. If the economy can begin to add jobs, stocks will rise accordingly, probably at an accelerated pace. I don’t have much faith in this occurring as so far the stimulus money has not really bought us real jobs or jobs that will endure. We’ve only loaded up on additional debt that will be difficult to manage and will continue to have a negative effect on currency, and our standard of living. I believe strongly that as Americans, we are going to stop this political nonsense but until we do, I am buying gold, silver, and natural resources.

I own kgc, gg, abx, nxy, slw, intc, bmy and myl. I would like to buy more kgc and add nxg. Would appreciation any thoughts on these stocks!

I TRULY BELIEVE IF WE CONTINUE WITH THE OBAMA S PLAN FOR THE US WE WILL END UP LIKE THE ROMAN EMPIRE,AND ENTER THE DARK AGES WITH MANY DIFFERENT INTEREST PULLING EVERY WHICH WAY. YES GOLD WILL BE KING

I think there is still room for a decline in precious metals, but I am ready and waiting to jump in. I am
investing about 30 to 35% of my portfolio thus I am confident of an upward trend. Gold and silver are
still my favorite.

Larry:
I bought Glamis Gold for about $1.53 a share. I bought physical Silver for $4.72 and physical Gold for $295.00. Back then I did not have a lot of money, but in my economic situation, you can say that I “backed up the truck”. If I had more money back then, I would have bought more. I held through all the pullbacks and stuck in there for the long haul. And it’s been a long one, but a good one. Pullbacks do not bother me much. I’m happy to be way ahead of the game on precious metals. Thank you for the good advice from about ten or more years ago.

what happens when the feds (as in 1933) want to seize my gold coins?

We have approximately 1/3rd of our portfolio in a mix of ETF’s, physical gold and mining stocks. Considering increasing this to 50% and looking to you to keep us pointed in the right direction.

I think Gold and silver are in for a short term correction but I think they are both a good for the long run. I think silver is your best bet because it has more commercial use.

Unless it presents compelling value on a risk reward basis why buy you are better in cash.
Sell when you would not buy to retain your focus.
I only see value in gold/silver and some gold/silver stocks some very limited energy/agric stocks in the main and non US/Europe currencies at the present.
Just sitting on cash waiting for compelling value……..cash 4.5% one year deposits up to 7%.

Now I’m very light on gold and silver and expecting a downturn.The dollar seems to be strengthing and I think it will for a while.If you look at the euro things look bleak as i see it for some time. I think this will prove to be a buying opportunity later. I donot see how gold can NOT rise with the madness in washington. I also think silver will breakout perhaps stronger than gold.

Hi. Im totaly invested in precious metals IE: silver and gold bullion 20% and stocks 80% plus cash. Started buying in 2005. Its been very emotional at times and I screwed up becuase of it. Shadow Stats.com shows the way and f curse Jsmineset.com. where I got introdued to the metals and the honest side of the market. Larry

No Gold and Silver are dead right now as the dollar is getting stronger .
I believe Oil and Gas are better commodityes in the near future.

I am 100% in cash. Gold and silver walk the stairs up but take the elevator down. The volatility is tough to handle. Also, if long term Treasury rates rise, which I think they will, the dollar will continue to go up and that mean the metals will go down. I think the Elliott Wave Theory has it right in predicting another vicious run in the bear market starting right now, that will last for a year or longer and take us down to the March lows. It is a dangerous time for investors.

I hear so much reference to gold stocks as an alternative to physical possession in gold,after what investors have bee through in the last few years and the meltdown in the exonomy why should anyone trust ANYTHING OTHER THAN GOLD IN HAND when we see the dollar shrinking in buying power by the day and the stock market in limbo?I wil no longer trust paper investments of any kind including money in the banks at close to zeroe interest.sad to say there are not many options out there.

What are the some additional places to buy silver or gold from besides Kitco?

I have reduced my gold and silver holdings to about 4% of my portfoilio. Both gold and silver are at significant support levels that if broken could lead to another 8-10% drop. Charts don’t say buy yet. Better to watch and wait.

Larry: My portfolio is a mixed bag. I have faithfully followed your love affair with gold….probably to excess (25%). Next big amount is short term Treasuries as Martin urges….although I just hate the zip interest rates. I hold a significant amount of CDs which provide rather indecent interest but better than Treasuries since they are heavy in my IRA.
Beyond that I have a sprinkling of stocks & mutuals that you and Safe Money recommend.$5 to $10 K max on each. I got spooked by the latest decline of the S&P and put 85% to 90% stops on every one of the stocks that allow it. (some don’t, at least through Schwab). I have hung onto my Lehman bonds in hopes of recovering the max the courts will allow. Right now, it is 20 cents on the dollar. That Lehman crash really hurt.
If gold dropped into the $900s I’d like to buy more but I am probably overloaded already.
My broker (Schwab) goes nuts about my unbalanced portfolio but they have an axe to grind, so I stick with the Weiss team.

I agree it is time to load up I loaded up about three weeks ago. At present I think I jumped it a bit soon, but better a little soon that too late. I have been doing rather well with my commodities.

I have bought gold in 09 and intend to buy more as soon as I feel its on its way up again. I feel gold will top out temporarily at 2000 sometime this year as soon as the dollar goes the way its inevitable to go, DOWN.

Larry,
I’m am very hopeful that we are near the right time to invest more in commodities. My hope is that conservative politicians will get elected, but if that occurs I’m thinking that the dollar will soar and the gold rally will be over. Your thoughts. I have over 10% primarily in gold mining companies and ETFs that hold gold. Hoping gold will lead the way. C O

I am a British national living about 25 miles from London. For the past 40 years I have been an investor in UK registered mutual funds. I never buy shares directly but prefer funds because they change in value more gradually and it is easier for an investment amateur to follow market trends and apply stop-loss limits than is the case with individual shares. There is nowadays a wealth of information of the internet which enables one to follow what is happening NOW.

In the United Kingdom, by dealing through fund supermarkets - Fidelity FundsNetwork, for example - it is possible to switch between funds in one trading day (forward priced) and by means of a simple click of a mouse for a transaction cost of only 0.25%.

My method is to follow market trends which often go on for months, sometimes years. In times of uncertainty and when markets are falling I switch temporarily into cash or Money Funds. It doesn’t matter if I miss the first 5-7% of a market or investment sector gain, or lose 5-7% by not switching out fast enough at the end of a market trend as long as I gain a good share of the upward movement while it is happening. Last year, for example, some UK mutual funds investing in regions like.Greater Russia and China more than doubled investors’ money in 12 months.

Where gold and commodities are concerned, at the present time the UK JP Morgan Natural Resources Fund has fallen in value by about 17% since January 11. I do not intend to participate in this downward trend until it is reversed…

I am interested in any comments on the Silver Corp metal stock (SVM). It isn’t covered by the analysts and I have had trouble getting information. If anyone can comment I would appreciate it. Tx

Bought a foreign bond fund two years ago to weather the chaos of 2007-2009. It pays good dividends and grown. Several months ago, I also bought a corporate bond from a utility (water) that pays 8.5 percent monthly. They add stability to the gold, copper and platinum ETFs I hold. Looking to liquidate several big cap stocks now.

I have been getting stopped out on my gold and silver holdings. When I made my purchases of stocks and some ETFs I set a protective stop sell gtc for each long position. However, even after lowering my activation prices, I still was stopped out on many positions. While I know the purpose is to reduce my down side exposure it is still disappointing to have so many loses over a short period. What do others think?

Have gold bullion securities, blackrock gold and general, blackrock world mining trust and a gold share, but no coins as yet, not being sure how to get them safely in UK. Certainly have gold holdings of 25% of portfolio, waiting to see if and when you advocate buying more than that. No silver. Have a mining share which inludes platinum.

Waiting for your reccos!

Believe that no one knows the future; just as no one can read minds. Precious metals deserve a percentage of any portfolio. Load up on gold and/or silver? Place your bets. Prefer a horserace where a decision is decided in 2 minutes or less.

Larry,
I definitely feel precious metals of all categories belong in your portofio. I personally use 10%
minium and 15% maximum depending on where we are in the cycle. I feel silver on a percentage
basis will propably do better than gold but I have both. I feel good quality junior minors wiil out-
perform when gold and silver starts the next leg up. I also feel that the rare earth metals is another
area that would be a good investment.
Thanks for all your hard work on our behalf,
Dennis

Became “small fry” in “worldly” wealth ( lost heavily through greed).
Now living happily, no worries, recommend ::
- Getting out of - debts !
- Excellent health and other insurances.
- Guaranteed regular cash income to cover average monthly / yearly living expenses.
- Little cash on hand in case of bank failures ( temporary closures !)
- 50% - 60% of net worth in Gold and Silver coins - (easily tradeable for future needs
covering inflation ). - buying and selling. Consider cheap presently.
- Recommending energy calls (bullish)
- Above all trust God !

i would buy more if prices come down another 10 % aleady have large position in both srocks and physical gold, ( 30 % of liquid assets) own gas pipeline mlp’s for income ( 30 %) , cash for balance for now….. retired

HAVE GOLD AND SILVER STOCKS (30%), BUYING GOLD AND SILVER (25%) BUT WORRIED OVER BOTTOM FALLING OUT ON THIS MARKET. NEW IN THIS, AS I HAVE NOT FAITH IN THE US MARKET. ALSO IN CANADIAN OIL AND CHINA. STILL
CONCERNED.

WYN

I am thinking it is a good idea to start adding positions slowly. It seems this is our first support area and Im looking for a move to 1025, 1000, then 950 area on gold. For silver 16.25, 15.63, 12.50. Silver is a lot more volatile in its swings but if you can handle the swings I think its probably got a better percentage move up long term.
I like all the metals GC, SI, PL, and PA although I am sticking more to GC or SI.
Currently I have only about 5% in gold, 15% in silver, 20% in many select commodities, 2.5% in stock, 60% cash waiting to add more silver, gold, and commodities. I am also very interested in real estate abroad…….brazil, uruguay.

I think that gold and silver are both in a very good buying range. I don’t expect rapid inflation to strike the U.S. soon, in spite of the massive printing of dollars, because of the current deflationary environment. Since the timing of the eventual inflation is problematic, and precious metals are currently cheap, I believe everyone without a core, insurance position should establish one now.

You are my favorite writer and your service is very worthwhile.
I am sorry to see so many new services appearing from Weiss, offering services that I believe should be included in the ones that I purchased instead of “A NEW REVOLUTIONALRY SERVICE THAT WILL MAKE YOU RICH IN 10 MINUTES!” (Not your quote…but typical of so many OFFERS that are so transparently driven to create profits for the Weiss group by using tactics of “sub-sets” of information. When we take into consideration the fees and expenses of purchased shares as important factors in selection, the costs of the services that we pay for, in many cases are greater than the trading costs of the recommendations! Yes, I know it is my choice…but it seems unfair to me.

And this trend is increasing all over the world, as a special form of investing by the Principals. Will there be no end to “New Services” for “New Subscription Costs”….for another “SubSet of stock maket investing by subscription ?

Good Luck and good health to you and the entire Weiss Group.

Can I buy stock in the Weiss Group where I think the profits really lie, without any risk at all? This is a general comment that applies more and more services of varying qualities.

i have heard from your associates and others, including this blog that the dollar may continue to go up and then there is the opinion that it may go down again at the second half of the year. Thus gold can continue to go down and then back up at the end of the year. Why do people think that the dollar will go down at the end of the year gold will go up at the end of the year ?

“The” Wonderful Wizard of OZ.
Behind the smile of liberty, manipulation reigns as markets dance like chinese dragons on a drunken binge. Will our financial future be paved with “stones” from the yellow brick road?
Or will the dollars bounce kill the run to the Emerald City!
Roll the dice and place your bets, the carnival has come to town.
James

I have right now shared my portfolio in three parts: stocks in gold and goldmines, bluechip-equities and cash. I will load more gold or other precious metal as soon as I get appropriate comments from you Larry and from Claus Vogt.

Hi!, All:
There’s one thing no use to be an American wants today: The Truth….absolutely nobody!
How’s that? The “fact” fact is the Constitution in Article 1; Section 10 calls for the Treasury Dept. to circulate specie gold and silver coins only into general circulation for day to day transactions…absolutely no redeemable notes such as failed with Bretton Woods or being proposed by such supposed patriots as Dr. Ron Paul and/or any others!
By our use of any kind of paper money or paper money substitues in any kind of a transaction, we are all traitors to what we say is our constitution and so, our traitor politicians, see that in us and exploit it through the Federal Reserve to the nth degree.
My audit of all of us encluding myself pluss our politicians/Federal Reserve System is simple: STOP using any kind of paper money & obey the simple mandate within the Constitution which has found all of us in disobedience trading paper money every day for goods/services etc.
We don’t have to pay the Constitution one penny to advise us but we thumb our noses at it. We buy gold and silver and provide brokers paper money commission; when the Constitution calls for it to be given to us FREE as specie coins throughout our nation. We have tried our best to call the gold and silver complex that’s been used as money for over 5,000 years only industrial metals which couldn’t be further from the truth & so now we are so far in debt to the perveyors of paper money that we are sinking into monetary oblivion fast. Nobody wants to get up & say we can’t buy our oil from OPEC, unless we pay in silver $’s or what is defined by law as: United States Of America $’s, because nobody wants the pain of that kind of real, immediate deflationary impact but unless we use the FREE constitution to resolve our monetary problems our traitor traits continue. Would China purchase Treasury Bills/Bonds with United States Of America $’s? Would you fill your gas tank paying for gas with United States Of America $’s. Could Wall Street and all brokers worldwide operate as they do using United States Of America $’s. We will “NEVER” have an honest economic recovery until we do use United States Of America $’s & so why do we everyday ward off facing our Forfathers’ blood laden Constitution? Who is benefiting & who stands to loose?
Napoleon threatened the French Ministry with the withdrawal of all Frances’ troops from foreign battlefields, if the French Mininistry failed to give him specie gold coins to pay his troops & the troops were paid in gold. This country today has troops in over 100 countries &, if they all had to be paid in specie gold coin, could Mr. Geithner, Mr. Bernankie or Dr. Obama deliver anything but some kind of a speach or issue a decree. There’s no way to solve our economic problems with cheap words. Gold & silver are listed on the Atomic Chars worldwide & never will paper money nor the cheap talk that always accompanies it be listed on any Atomic Chart. Therein lies the sharade/the ponzi schemes and the inherent failure of all irredeemable, fiat paper money yesterday, today & forever!
Which shall we serve today: costly interest rate bearing (debt) private, paper money based interests or our FREE Constitution requiring our Treasury Dept. to circulate FREE specie gold & silver coins for everyday transactions without any existing paper money with which to pay a broker or Wall Street interests etc., etc., etc.?
Cheers: Russ Smith, California
resmith@wcisp.com

I did subscribe to one of your newsletters and have found that it takes some time to arrive in Australia ….. and unfortunately most of the wonderful advice is difficult to pursue here.

I have to agree with Pam from Australia as I am also an Australian. The gold price in Au$ has varied very little over a couple of years now as it appears to be kept ‘in check’ by the value of the Au$ against the US$. When gold was around $850 our dollar may have been around 65-70c US and so gold was around AU1,250. When gold was US$1,050 then the Au$ was around 90c thus the gold price for us was still around Au$1,200. Therefore we have not made profit on gold. I am still finding out whether gold stocks will deliver for me.

So that is one reason why I have tried to write you an email to see if there is anyone as knowledgeable as you are to assist us in Australia!

I’ve been reading your material for well over 2 years now and have appreciated being informed and have found the information on cycles particularly enlightening.

The other difficulty I have found with trading other than in Australia is that trades cost so much more to do offshore. If anyone knows a cheaper way to trade then please let me know. I have only taken a small plunge into the market during the last 12 months and have not purchased gold because it has not changed much in Au$’s over the last couple of years. I think in the long run silver may be a better option in smaller denominations - perhaps ’spending’ money later!

I am yet to understand EFT’s. Can someone please tell me where to receive a really good lesson……..

Currently 20% of my portfolio is in silver bullion and I am looking to bring it up to 25 to 30%. All my advisors recommend that I should have no more than 10% in this asset. I fear our US dollar will be nearly worthless within the next two years.

I think it is almost time to load up on gold and silver

Hi Larry,
I have been a precious metals specialist for over 30 years. Started in the late 70s at Oppenheimer. Am now retired, and just happen to live right across the street from your Dad on Dundee. Sorry to hear that he has not been well. Tell him I wish him well.
Today, my portfoilio is made up of 2 parts. One is mostly MLPs for income , plus some other income producers that cover my living expenses. The other part is mostly made up of gold and silver mining shares.
Reason for this message is that you might or might not know Robert Friedland. Today, he is a multi billionaire, living in Vancouver. He ran Galactic resources back in the 70’s before the government closed him down because of environmental issues in Colorado. A few years later, he suddenly appeared with a company called “Diamond Fields”. I won’t bother you with the detalis, but besides the diamond situation in South Africa, he also owned some property in Newfoundland where they just happened to discover the largest find of nickel in the world. He ended up selling his company to INCO for $80 a share. I owned alot of it at $2. He owned 27% of the stock and became an instant billionaire. I retired that year, thanks to Robert, and evenytually moved to Gleneagles.
Robert came up with another company about 5-6 years ago called Ivanhoe (IVN). They owned a large property in Mongolia. They just happened to discover a major find of gold, copper, plus other basic metals. They have spent the last 5 years exploring the property and quantifying the find. They also took on the Mongolian government to get permission to build a mine. It took them 5 years to accomplish, but they finally got written permission to go ahead (at a cost). They expect to be in production by the end of this year. They have a 50% partner (I believe it is either Tech or Rio Tinto) who will be spending the money to build the mine. The stock was about $4 about 6 months ago, and a few weeks ago jumped all the way up to about $18 before selling off to about $14 where it is today. It made the big jump because or the permitting from the Mongolian Government.
Knowing Robert and his background, I wouldn’t be surprised if he sold his company to a major. Ivanhoe is going to be a winner one way or another. I am looking for $50 a share next year.
By the way, you seem to have shied away from silver mining shares. There are only about half a dozen pure plays, and I own all of them in a big way.
Be happy to share the names if you are interested.
Jim Bandler

Larry Its not grab my profits but grab my losses I came on board in recent times and bought CEO and other recommendations that i am now selling at a loss

Larry..

I’ve been reading a lot lately about the China bubble, as we all have….however, recent articles have stated that it’s starting to mirror Dubai….for example, many of the new highrises in Bejing…impressive as they are…..are in fact empty. Other similarities as well….could you comment on this please? Are these reports simply exaggerations to support the bubble theory?

cQQQ and YAO for China maybe some CHU. MINDX for India. Rsx for Russia. and AUY for gold plus rgld for gold. BP and Petrobras class a…oil and fpra ford prefferred for auto. silver for solar panel coatings SLW… and PPLT for platinum….What do you choose for these areas???

I bought physical gold when it was $600 an ounce and physical silver at about $11.00 per ounce. Sorry, but there is no way I would add anymore now. I am afraid deflation is winning and that will not bode well for precious metals. That said, I intend to hang on to what I already own in physical metals.

I am beginning to wish I had taken some profits off the table in my gold and silver stocks a couple of months ago. Hindsight is always perfect!!

I always look forward to reading these posts and Uncommon Wisdom. Many times there have been Chinese stocks mentioned that were of great interest to me. Can anyone tell me how I can purchase stocks on the Asian markets or direct me to a place I can learn about that? Thanks!

Last week, you asked where our income came from.
Our Social Security and Pension cover our health, home and auto expenses and insurance.
Our stocks pay for food and fun.
We are on a diet, eating at home and reading books.
2007 was a very good year for stock growth, but we lost the gain in 2008 and almost broke even in 2009.
I still have my rose colored glasses on, but they have scratches and a crack.

Silver is still the most under priced commodity in the world.

While the price of paper silver declined $2.50 in the last two weeks, for the first time ever, more silver eagles were sold in Jan. than all the silver that was mined. When industrial users of silver realize there is a shortage, the manipulation will be ended.

Not yet. Inflation has not started yet.

I truly cannot understand people wanting to own or chase after any Treasury investments. They are simply dollar denominated and the dollar is worthless. Just remember that as the Federal Reserve prints money, that then causes dollar value dilution and in some cases wipes out any yield. The same holds true of Annuities, as well.
I am sure that dividends from the likes of Goldcorp and Agnico Eagle, along with some Limited Business Partnerships, in the commodity sector could do better.

Gold stocks as in great undervalued juniors who are also producing, like Metanor Res. are the way to go, shares at 50 cents each, with gold price going ballistic shortly as all the great analysts predict because of the total financial and monetary meltdown. It’s the 70’s gold rush all over again, like a $5,000 investment in Lion Mines at the low would have netted you $27 million at the high, so please buy me that 1 way ticket to the warm Tropical beaches, I’m ready now. HEHE

At my age, I try to be conservative. I do believe that Gold an other precious metals should be part of my portfolio and now hold 1000 shares of GLD, some mining stocks and ETFs. Other Portfolio holdings for income include about 15% in Muni Bonds, another 10% in Equity & Bond Funds, about 12% in Fixed Income Securities, 12% in Equities, and 17% in ETFs (includes Gld and other precious metals). The rest is in a Government Money Market fund, which is not providing much in the way of income. Have been looking to rebalance my holdings, with high priority on safety. Will be happy to see what you and Martin come up with after analysing all of the inputs from your subscribers.

Uncommon Wisdom, Larry E, Tony S, And Sean B
I’ve enjoyed receiving the Uncommon Wisdom news letters for some time now, I see that a great trust
factor has come across with the quality and accuracy of your forecasts, recomendations, and solid
information. Thanks ever so much…its afforded me the opportunity and confidence to reshape my own position and liquidate certain assets only to reinvest them so as to improve portfolio standings.
Please keep up the Great work, your news letters are supreme.

First of all, I live in Canada so precious metal (PM) investing is different due to the currency exchange effect. In general, PM bullion investing (ETF’s or other) in Canada has been less profitable than in the US. For this reason, PM stocks are the best way to go in Canada. My preference is gold stocks and funds, although I also invest in silver stocks. I have about 10% of my portfolio in PM’s and I do not believe it is the time to load up. Many internet writers (and I read most of them), have forecasted significantly rising PM prices for a long time now. If one could have known say 3 years ago the changes that have since occurred in the financial world (failures, bailouts, deficits, etc.), one would have said that gold would be much much higher than it is today. The problem is the manipulated COMEX exchange controlled by the Fed mainly via J.P. Morgan (main shareholder). On this point, while I appreciate your work in general, why is it that you never (that I have noticed) talk about the absurdly huge short positions on the COMEX as often emphasized by writers such as Ted Butler and Ed Steer, not to mention GATA? If the manipulation has not ended by now, one has to wonder if it will within the foreseeable future. That is why I will hold my position and not load up until there is some indication that this COMEX control might be coming to an end. Any form of technical analysis must be questioned in light of what is going on. I am anxious to read your comments on this subject.

analysis:au tumbling to resistance 1045 sell 1035 G puts ,april 2010 now
OK SO WHAT? I DID NOT DO THAT———— FIRST TIME

The truth of any markety lies in: 1) the truth of “real” money supply (fka M3) but it seems that M3 is no longer reported. Why did that, and still, happening today. Non-reporting is a major issue. Obviosuly M3 may be so large that it can’t be reported on an 81/2 x 11 sheet of paper!

Since age 18 I’ve been buying commodities, including Gold, Silver, Plat., because of its international value and strong, confident position as a “Util of Value” regardless of what currency is attempting to “daily price it”.
Along with food commodities, oil, natural gas, coal, coal-coke, clean water, clean medicines etc., no matter what we call them (regardless of language) and what we price them (regardless of underlying currency) common sense tells us that they have “human” value. Afterall, we’re the ones needing these staples of commodity.

This all brings me to the point of “who” is controlling what, when are they controlling it, how long do they want to control it (them) {short, int., or long run}. Well one has to look no further than to our Asian competitors as to see where they’re investing, even to our domestic U.S. saavy small cap, and large cap. corporations. ie: Why did a Russian based conglomerate (Severstal Inc.) buy Wheeling Pittsburgh Steel Corp., we don’t think it was for the steel operations (that they’ve since shut down during the last 18 months) but more for the coal-coke plant in Follansbee, WV, this gives Severstal the ability to ship back to Russia and elsewhere the coal-coke that is in SHORT int’l. and Russia supply. Our Commerce Dept. probably should not have allowed this transactiion to go through, but they did…

Always ask yourself, as Uncommon Wisdom Does, what’s the int. play and long term play for a commodity, not just what the “supposed papers tell” us to think, buy and consume. An ole wise man recently told me, “Take currency and buy money”.

God’s Speed and God Bless The United States of America.

Norma W. Brown
National Association of Senior Citizens (U.S. TM)